Story perspectives

Fonterra to Sell Consumer Business to Lactalis for $3.2B

10/30/2025

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Summary

Story summary

Fonterra will sell its global Consumer business (excluding Greater China) to Lactalis, with completion in the first half of 2026.
Peter McBride, Fonterra's chairman, noted strong farmer support, while New Zealand Foreign Minister Winston Peters criticized the deal.
The sale includes Anchor and Mainland brands, letting Fonterra focus on Ingredients and Foodservice.
Fonterra will return $3.2 billion to farmers and keep $1 billion for future investments.

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Story summary

Fonterra will sell its global Consumer business (excluding Greater China) to Lactalis, with completion in the first half of 2026.
Peter McBride, Fonterra's chairman, noted strong farmer support, while New Zealand Foreign Minister Winston Peters criticized the deal.
The sale includes Anchor and Mainland brands, letting Fonterra focus on Ingredients and Foodservice.
Fonterra will return $3.2 billion to farmers and keep $1 billion for future investments.