Dairy group Fonterra has announced a strategic review of their liquid milk businesses in Australia. The news comes as they report the sale of their Australian ice cream business. “(The review) will seek to maximise the value and sustainability of its non-core regional liquid milk businesses in Australia,” the company said. “Fonterra places a high value on these operations, however its primary focus is national leadership across Australia in its priority categories of cheese, spreads,... ...Read more »

Goodman Fielder, Australia’s largest food manufacturer, could dispose of A$720 million of assets in the wake of a strategic review that is currently underway, according to reports.The two divisions considered most likely to be under scrutiny are the $200 million commercial oils business and the $520 million New Zealand dairy division, the Australian Financial Review advised, citing the views of analysts at Merrill Lynch and ABN Amro. There were rumours in January that Parmalat had a keen interest... ...Read more »