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Farmer shareholders of dairy co-op Fonterra have overwhelmingly approved a capital return plan tied to the proposed sale of its global consumer business.

The Clandeboye expansion, first announced in October 2025, will add a new butter line, increasing capacity and enabling the site to produce a range of butter formats.

Fonterra shareholders have voted to elect Michelle Pye to the board, marking her entry into a leadership role at the region's largest dairy exporters.

Fonterra’s farmer shareholders have approved the sale of its consumer and associated businesses, known as the Mainland Group, to dairy giant Lactalis for $4.22bn.

Dairy giant Fonterra has announced a $75 million investment to expand butter production at its Clandeboye site in South Canterbury, New Zealand.

New Zealand-based dairy giant Fonterra has announced a divestment of its global consumer and associated businesses to Lactalis for $2.3 billion.

New Zealand dairy cooperative Fonterra has said it will discontinue the production of its Anchor A2 milk and organic milk offerings for local consumers.

The Australian Competition and Consumer Commission (ACCC) has initiated an informal review of Bega Cheese Limited's proposal to acquire certain consumer and dairy ingredient businesses from New Zealand-based Fonterra Co-operative Group.

Bubs Australia, a key player in the infant nutrition market, has appointed Joe Coote as its new CEO, marking the company's second leadership change in less than two years.