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Acquisition of
Fonterra’s Consumer
and Associated
Businesses (Mainland
Group) for NZ$4.2b


  • Cameron Partners, together with our alliance partner Rothschild & Co, advised Groupe Lactalis SA (Lactalis) in relation to the acquisition of Fonterra’s global Consumer and Associated Businesses (Mainland Group) in Oceania, Southeast Asia, Middle East, Africa and Sri Lanka for NZ$4.2b

  • Mainland Group is a diversified and vertically integrated dairy platform with a strong brand portfolio. The business comprises a portfolio of consumer brands (including Anchor, Anlene and Mainland), and selected foodservice and ingredients channels, as well as manufacturing assets across New Zealand, Australia, Southeast Asia, the Middle East, Africa and Sri Lanka

  • Lactalis is one of the world’s largest dairy groups with US$32.8b of sales in 2024. Lactalis operates across a wide range of dairy-based products including cheese, liquid milk, chilled dairy, butter, cream, dairy ingredients and other products, employing more than 85,500 people globally and processing milk at over 270 factories in more than 50 countries