Fonterra taps Jarden, JP Morgan and Craigs for asset sales

Fonterra taps Jarden, JP Morgan and Craigs for asset sales
Fonterra intends to focus on its ingredients and foodservice channels. (Image: NZME)
Riley Kennedy
Fonterra has appointed its investment bankers to help with potential asset sales.The co-operative announced plans two months ago to examine options for its consumer business, Oceania, and Sri Lankan businesses.Its brands include Anchor, Mainland, Kāpiti, Anlene, Anmum, Fernleaf, Western Star and Perfect Italiano. Fonterra Oceania was recently formed after Fonterra Brands NZ and Fonterra Australia merged. Fonterra Sri Lanka comprises consumer and food service businesses. Together, the businesses on the block used roughly 15% of the co-...

More Primary Sector

Seeka lifts earnings guidance again
Primary Sector

Seeka lifts earnings guidance again

Seeka has once again lifted its market guidance off the back of a “strong close out” to its 2024 year.The New Zealand Exchange-listed (NZX) horticulture business now expects full-year earnings at a profit before tax level for the year ended Dec 31 to be between $27.5 million and...

Riley Kennedy 21 Jan 2025
Fonterra's ingredients chief on second Trump presidency
Primary Sector

Fonterra's ingredients chief on second Trump presidency

The incoming US President has threatened tariffs on all imports. 

Riley Kennedy 21 Jan 2025
The business and science alliance turning waste into profits
Primary Sector

The business and science alliance turning waste into profits

Many NZ companies don't have the time or resources to carry out R&D inhouse.

Greg Hurrell 21 Jan 2025