From Yahoo Finance: 2025-04-29 13:12:00

Fonterra will close a milk powder canning and packaging facility in New Zealand’s North Island as it prepares to divest its consumer business. The Canpac site in Hamilton will stop operations on 31 July, handling less than 1% of the co-operative’s total volume, employing around 120 people.

The decision comes as Fonterra focuses on its “higher value” ingredients business, including advanced proteins and medical nutrition. The company is working through a consultation process with affected staff at the Canpac plant, prioritizing investments in areas better suited to its strategy. Operations are set to conclude by the end of July.

Fonterra has been restructuring its global consumer operations in recent years, including selling its stake in a Lithuanian dairy business and exiting a Brazilian dairy joint venture with Nestlé. The co-op has also sold its Chile unit Soprole and scrapped an India dairy venture. The move to shut down the Hamilton facility aligns with the company’s shift towards higher value ingredients and foodservice sectors.

Read more: Fonterra to shut down Hamilton milk powder packaging facility