Recap: How the Fonterra consumer business sale unfolded

Fonterra chief executive Miles Hurrell. (Image: Jacques Steenkamp/NZME)

Fri, 22 Aug 2025

Fonterra has struck a deal to sell its consumer business to French dairy giant Lactalis for $3.84 billion.It’s been a lengthy process to get to this point.Here’s how the deal unfolded:Feb 19, 2024The co-op announces it is integrating Fonterra Brands New Zealand – effectively the business which ran its consumer operation in NZ – and Fonterra Australia, describing it as “two important parts” of the co-op.Chief executive Miles Hurrell sends a brief letter, released to the stock exchange, saying René Dedon...

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