Southland infant-milk formula producer Mataura Valley Milk is seeking a strategic partner to invest in the company, less than a year after its official opening.
Mataura Valley Milk chief executive Bernard May said that in June the company’s board had appointed Macquarie Capital and DG Advisory Limited to facilitate the strategic investor process, which was the next stage of its business strategy.
May said the process was expected to take several months to complete.
JOHN HAWKINS
Mataura Valley Milk officially opened its infant nutritional plant in November 2018.
The company, which is backed by Chinese state-owned enterprise China Animal Husbandry Group, New Zealand company Bodco Ltd and local and farmer shareholders, officially opened its $226 million plant in November 2018.
Source: Stuff
