Hamilton council, Callaghan Innovation sell stakes in FoodWaikato

Melody Dairies' plant outside Hamilton. (Image: Google)

Mon, 18 Dec 2023

The two backers of the company that managed Melody Dairies have sold out after the Australian-listed partner took “fairly significant steps” to seize control of the Waikato spray-drying facility.FoodWaikato – part of the New Zealand Food Innovation Network – was 70% owned by the Hamilton city council, with the balance being held by Callaghan Innovation.The company, formally known as NZ Food Innovation (Waikato), set up the facility with Callaghan’s backing 10 years ago.In 2018, Melody Dairies, with partners includi...

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