The a2 milk company Archives - Inside FMCG
New Zealand’s A2 Milk Company has made a non-binding indicative offer of around NZ$270 million for a controlling stake in Kiwi dairy business Mataura Valley Milk.
The A2 Milk Company boosted sales by 32.8 per cent last year, with profit up a similar amount as the Covid-19 crisis boosted demand for its products in core markets.
Former a2 Milk chief executive Geoffrey Babidge will act as interim CEO as a global search for a new leader commences.
NZ dairy producer expects strong revenue growth in 2020.
The a2 Milk Company receives welcome boost in wake of China’s plans to increase local formula output and reduce reliance on imports.
Blackmores, a2 Milk, Swisse and Nature’s Way among the brands taking part.
Dairy giant continues to gain Australian market share and grow distribution in China and the US.