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FGC welcomes Nutricia’s investment

FGC welcomes Nutricia’s investment

The intended acquisition of New Zealand milk-drying and infant formula blending and packing capacity by French-owned Nutricia is a further indication of confidence in the New Zealand food and beverage industry, says the Food & Grocery Council.

Chief Executive Katherine Rich says today’s announcement is significant.

“This is great news for the industry and for New Zealand’s infant formula manufacturing capacity.

“Having such a renowned multinational company purchasing two New Zealand firms to ensure it has a major infant formula local manufacturing facility affirms once again that New Zealand’s dairy industry remains among the best and safest in the world.”

“Nutricia is to be congratulated.

“The agreement for the simultaneous acquisition of the spray dryer of Gardians, located near Balclutha, and the blending, packing and can-forming activities of the Sutton Group, of Auckland, is a significant move for them.

“It consolidates their footprint in New Zealand and affirms the strong links with the Otago region, where Nutricia has a long-standing heritage.

“Their Karicare brand goes all the way back to 1907 when Sir Truby King founded the Royal Society for the Health of Women and Children, later to become the Plunket Society,­ in Dunedin.

“This purchase will continue that heritage. No doubt Sir Truby King would be delighted by such a development in Otago.”

Ends

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