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Thursday 25 April 2024

Westland Milk

No top-up expected in Westland jv buyout 16th April 2024 /

No top-up expected in Westland jv buyout

Westland Dairy Company is not expecting to have to top-up the $25.9m upfront payment it made as part of a deal to take full control of a loss-making infant-formula joint venture it formed in 2016.


Westland profit up, Costco butter booming, lactoferrin countdown 10th April 2024

Westland profit up, Costco butter booming, lactoferrin countdown

The company delivers a 43% jump in profit, diversifying into higher-value dairy products as part of its five-year turnaround strategy.


Westland on track to repeat $1bn revenue 1st November 2023

Westland on track to repeat $1bn revenue

Westland Milk Products says it is on track to match the $1bn of revenue and $39m profit it posted in 2022, despite a sluggish global economy and volatile trading conditions.


Westland gets gold from EcoVadis 1st August 2023

Westland gets gold from EcoVadis

Westland Milk Products has received a gold ranking from independent sustainability auditors EcoVadis.


Westland takes control of loss making infant formula jv in $30m deal 12th June 2023

Westland takes control of loss making infant formula jv in $30m deal

The West Coast dairy company buys out its partner’s 60% stake in the loss-making infant formula joint venture.


Westland pushes Westgold in Aus 24th May 2023 /

Westland pushes Westgold in Aus

Westland Milk Products is expanding its Westgold brand in Australia following a showcase of its products at Foodservice Australia 2023.


Westland pumps $70m into lactoferrin plant 26th April 2023

Westland pumps $70m into lactoferrin plant

The investment will treble production of the high-value bioactive dairy ingredient at the company’s Hokitika site.


High-value strategy supports Westland Milk turnaround 23rd March 2023

High-value strategy supports Westland Milk turnaround

“The biggest contributor to increasing revenue has been our high-value product strategy and to some extent high global commodity prices” – CEO Richard Wyeth.


Westland bags Walmart deal 10th November 2022

Westland bags Walmart deal

Westgold butter is now on the shelf of 550 Walmart stores across 19 states as part of drive into the US market.


Westland spreads butter footprint with Canary Foods deal 4th October 2022 /

Westland spreads butter footprint with Canary Foods deal

Canary Foods says the deal will give it “even greater access to international markets”.


Westland Milk Products trucks through severe weather 15th February 2022

Westland Milk Products trucks through severe weather

weather which saw a state of emergency declared on the West Coast after flooding caused widespread damage


Westland Milk decision in Court of Appeal this week 26th October 2021 /

Westland Milk decision in Court of Appeal this week

An appeal related to the Overseas Investment Office decision to approve the sale of Westland Milk Products to Chinese conglomerate Yili is set to start on Wednesday.


Westland Milk in $40m butter expansion play 25th March 2021

Westland Milk in $40m butter expansion play

The West Coast dairy company will double the capacity of its Hokitika butter manufacturing plant.