Fonterra Gets Bigger

NZ dairy giant Fonterra has established a strong foothold in Australia’s eastern states thanks to a crucial new partnership with Lismore-based co-op, Norco. Under the agreement, Norco will provide the manufacturing facilities and supply milk to the Fonterra on a preferred basis in exchange for Fonterra’s sales, marketing and distribution support. According to Fonterra Brands GM Aidan Coleman, the alliance will provide the company with further opportunities to grow its branded milk business in Australia.