'Strong belief in the future of dairy': Lactalis welcomes Fonterra's shareholder backing of Mainland Group sale

Lactalis is the largest dairy company in the world. (Image: supplied)

Fri, 31 Oct 2025

Lactalis says it “welcomes” Fonterra’s strong shareholder support to sell it Mainland Group.On Thursday, the co-op’s shareholders gave their blessing to the $4.2 billion transaction to sell the consumer brands operation to the French dairy giant, with 88% voting in support and 80% participation.Mainland will not transition to the new ownership until autumn next year, because it now has to be cut out of the wider Fonterra business and clear multiple regulatory hurdles globally.PleasedBut in a statement to BusinessDesk, La...

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