Spring Sheep buys 12% stake in Melody Dairies

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

Fri, 05 Jul 2024

The partnership behind sheep dairy group Spring Sheep has taken a 12% stake in a Waikato spray-drying joint venture.Four years ago, Landcorp (which trades as Pāmu), ASX-listed Clover Corporation and an entity connected to the now-collapsed Dairy Nutraceuticals stepped in to help fund a new industrial spray dryer to produce milk powder at the Waikato Innovation Park outside Hamilton. The three companies, as well as NZ Food Innovation Waikato – also known as FoodWaikato, formed a new entity, Melody Dairies, to fund, build and operate t...

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