Fonterra strikes deal with Bellamy's to make organic infant formula at Darnum

Sun, 29 Nov 2015

By Fiona Rotherham Nov. 30 (BusinessDesk) - Fonterra Cooperative Group and Bellamy’s Australia have entered into a five-year, multi-million dollar deal to manufacture a range of new baby nutritional powders at the Darnum infant formula plant in southeast Victoria. Tasmanian-based Bellamy’s is Australia’s only certified manufacturer of organic infant formula and is one of the country’s fastest-growing companies in that sector. It had revenue growth of 156 percent in the last financial year while its stock price has risen by close to 600 pe...

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