The a2 Milk Company buys Yashili NZ, divests Mataura Valley Milk to Open Country Dairy

The a2 Milk Company buys Yashili NZ, divests Mataura Valley Milk to Open Country Dairy
(Image: BusinessDesk)
Riley Kennedy
The a2 Milk Company has inked a long-awaited deal to purchase Yashili’s New Zealand plant for $282 million and sold its stake in Mataura Valley Milk to Open Country Dairy.The Yashili deal, as BusinessDesk has previously reported, had been long-awaited as it looked to develop its own manufacturing capabilities.Owned by China Mengniu Dairy, the $220m manufacturing site was opened in 2015 and sits next door to Synlait Milk’s North Island site.'Meaningful progress'China Mengniu Dairy is one of the three largest dairy companies i...

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