Snapping up Miraka gives Open Country Dairy further scale

Snapping up Miraka gives Open Country Dairy further scale
Miraka will soon move into the Open Country Dairy business. (Image: Supplied)
Riley Kennedy
Buying Miraka is not "growth for growth's sake," it is about improving Open Country Dairy's efficiencies, its chief executive says. On Monday, Open Country Dairy (OCD) announced it would acquire the Taupō-based, Māori-owned processor in what effectively was a fire sale, saving it from collapse.The purchase price has not been disclosed, but Miraka had long been subject to industry speculation about its stability, with rumours of the pending deal beginning to circulate on Monday morning.Get up to date fast. Join BusinessDes...

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