Story perspectives

Fonterra Sells Mainland Business to Lactalis for $4.2B

11/2/2025

34 7

Summary

Story summary

Fonterra's farmers approved the sale of its Mainland consumer business to France's Lactalis for $4.2 billion, with 88.47% in favor.
The decision signals a strategic shift as Fonterra focuses on its Ingredients and Foodservice sectors.
Critics, including Greenpeace, say the sale harms New Zealand's environment and social responsibility, citing water contamination and climate change.
Fonterra plans to invest $1 billion over the next few years to strengthen its remaining operations.

1 of 1

Story summary

Fonterra's farmers approved the sale of its Mainland consumer business to France's Lactalis for $4.2 billion, with 88.47% in favor.
The decision signals a strategic shift as Fonterra focuses on its Ingredients and Foodservice sectors.
Critics, including Greenpeace, say the sale harms New Zealand's environment and social responsibility, citing water contamination and climate change.
Fonterra plans to invest $1 billion over the next few years to strengthen its remaining operations.