Fonterra Teams Up With Bellamy’s in Baby Formula Deal

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01 Dec 2015 --- Fonterra Australia and Bellamy’s Australia Limited (Bellamy’s) have announced plans to enter into a five year, multi-million dollar strategic agreement to manufacture a range of new baby nutritional powders.

 
Fonterra Managing Director Oceania Judith Swales says today’s announcement is part of Fonterra’s transformation of its Australian business. 
 
“This is our strategy in action for Australia where we focus on the areas we can win in a highly competitive market to deliver the best returns,” said Ms Swales.
 
“We are actively growing our nutritionals business through strategic partnerships and agreements which will see the Darnum nutritionals plant move towards full capacity.
 
“Our Australian business has particular ingredients strengths in cheese, whey and nutritionals, complemented by our strong consumer and foodservice businesses; and today’s announcement with Bellamy’s Australia - one of the fastest growing infant formula companies - reaffirms our strength in nutritionals.
 
“The Darnum plant is a leading nutritionals plant in Fonterra’s global network. Leveraging our Fonterra Research and Development Centre in Palmerston North, the largest dairy innovation centre in the southern hemisphere, we will bring innovation to the Darnum plant and the nutritionals market to capture growing demand.
 
Bellamy’s is one of the fastest growing infant formula companies with strong brand recognition and expertise in the organic ingredient supply chain. Bellamy’s has experienced continued growth over many years, and financial year 2014-15 has been exceptional, achieving revenue growth of 156 per cent from the year prior.* Formula comprises 88 per cent of Bellamy’s sales.*
 
“The proposed multi-million dollar strategic agreement will help support the growth of Bellamy’s Organic in Australia and abroad, and builds on our strong current relationship.”
 
“We are also nearing the finalisation of the Darnum joint venture with Beingmate Baby and Child Food Company Ltd following the recent formal approval by Beingmate’s Board and shareholders,” said Ms Swales.
 
Ms Swales said the Co-operative had a clear plan to return its Australian business to strong and sustainable profitability.
 
Fonterra and Bellamy’s will work to finalise the proposed arrangements by the end of the year, with the agreement commencing in 2016.

To contact our editorial team please email us at editorial@cnsmedia.com

Fonterra Co-operative Group

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"Fonterra is a global, co-operatively-owned dairy company, unlocking the natural goodness of milk to provide high quality products to our customers and consumers globally.

We share the goodness of dairy nutrition with the world through our brands, farming and processing operations across four continents. We have 16,000 passionate people in New Zealand and around the world working to make dairy available to millions of consumers in 140 countries every day.


NZMP is the dairy ingredients brand of Fonterra the world’s largest dairy exporter, delivering a combination of unmatched expertise and world-leading processes. NZMP represents high performance dairy ingredients.


Renowned for our pure New Zealand goodness, stringent quality assurance systems and expertise in agri-science, our dairy ingredients are at the heart of some of the world’s most famous brands.


With hundreds of ingredients, NZMP offers the broadest range in the industry. This gives you more flexibility to fine-tune your ingredient selection whether it’s from core ingredients such as milk powders and butter, or specialised proteins for sports and nutritional applications including beverages, yoghurts and snack foods.


We’re here with the products, skills and expertise to help grow your business. To discuss how we can partner with you contact us, we look forward to being the vital ingredient in your success.

NZMP offers the broadest range of ingredients in the industry, delivering solutions across the five key product groups Powders, Dairy Fats, Cheese, Proteins and Specialty Nutrition.

 

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