Fonterra to merge its New Zealand and Australian businesses
Fonterra is integrating two important parts of its business — Fonterra Brands New Zealand (FBNZ) and Fonterra Australia. Together, this part of our business will be known as Fonterra Oceania.
The merge is designed to strengthen Fonterra’s trans-Tasman offering, which is described as an increasingly competitive marketplace.
“Our businesses in Australia and New Zealand have many complementary aspects and integrating them builds on these strengths,” the company spokesperson said.
“FBNZ comprises our consumer brands and foodservice businesses here in New Zealand, including brands Anchor, Mainland and Kāpiti, which will continue to utilise our New Zealand farmers’ milk.
“The Australian milk pool will continue to provide the milk solids for our Australian brands and ingredients.”
The integration of FBNZ and Fonterra Australia will be effective from 1 May 2024 with René Dedoncker to lead the new Fonterra Oceania team.
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