date:Sep 08, 2012
Dairy exporter Fonterra has been cleared to acquire the processing assets of New Zealand Dairies Limiteds (NZDL) by the New Zealand Commerce Commission.
The Commerce Commission has given Fonterra the go-ahead to complete its acquisition of NZDLs processing assets, namely its Studholme plant - stating its satisfaction that the takeover would not result in reduced industry competition.
The plant, which produces milk powder solely for export, takes Fonterras processing facility count up to 27.