The a2 Milk Company is making a move down the supply chain, seeking to partner with New Zealand dairy nutrition business Mataura Valley Milk, taking a 75.1 per cent majority stake for $NZ270 million ($245 million).
A2 confirmed it is engaged in exclusive due diligence talks with Mataura Valley to explore options for the baby formula and milk brand to participate in manufacturing at Mataura's facility in Southland, New Zealand.
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Carrie LaFrenz is a senior journalist covering retail/consumer goods. She previously covered healthcare/biotech. Carrie has won multiple awards for her journalism including financial journalist of the year from The National Press Club. Connect with Carrie on Twitter. Email Carrie at carrie.lafrenz@afr.com
