Under a conditional deal subject to approval by the New Zealand Commerce Commission, dairy giant Fonterra will buy New Zealand Dairies, a failed dairy company. Fonterra, which would formally take over the plant Aug. 1, plans to operate the processor while the commission considers the deal.
Fonterra plans to offer more products and increase sales volume for its online independently run auctions. The company sells about 10% of its products online and plans to increase that number to 20%, while also inviting other dairy companies to participate in the auctions.
Although many public schools across the country are enforcing bans on selling certain snack foods and drinks in vending machines, some opponents of the new rules say the bans miss the mark in the battle against childhood obesity.
Americans are catching on to traditional European tastes for artisan cheeses, perhaps due in part to the slow food movement, a Phoenix cheese and wine retailer says. He advises matching wine and cheese intensities, such as powerful reds with strong cheese and whites with milder varieties, along with crackers, bread, sliced tomatoes or fruit.
New Zealand dairy companies Fonterra and New Zealand Dairy Foods have agreed to sell each other certain brands, associated operations and assets valued at a total of $827 million. Fonterra's gains include the Anchor Milk and Fresh'n'Fruity yogurts, while NZDF is acquiring Meadow Fresh beverages and yogurts and Kiwi Meats.