UPDATE: Global ice cream company Froneri snaps up Tip Top

UPDATE: Global ice cream company Froneri snaps up Tip Top
Rebecca Howard
(Updates to add CEO comment throughout, comment from New Zealand First)  By Rebecca Howard May 13 (BusinessDesk) - Global ice cream company Froneri has bought Fonterra Cooperative Group's Tip Top for $380 million, ending a six-month sale process.  The price was about $100 million above book value, which will lift earnings by six cents per share, Fonterra said.  The agreed settlement date is May 31. While there will be a transition period over a number of months, it will be "very much business as usual" and Tip Top employees will tra...

More Primary Sector

Spring Sheep buys 12% stake in Melody Dairies
Primary Sector

Spring Sheep buys 12% stake in Melody Dairies

The sale by Pāmu was done at arm's length.

Riley Kennedy 05 Jul 2024
Reducing farm emissions is about future proofing: Nestlé
Primary Sector

Reducing farm emissions is about future proofing: Nestlé

Dairy makes up 21% of Nestlé's scope 3 or 'on farm' emissions.

Rebecca Howard 04 Jul 2024
Jones heads to Oz to woo mining investors
Primary Sector

Jones heads to Oz to woo mining investors

Work has begun on a critical minerals list and stocktake.

Ian Llewellyn 03 Jul 2024