|
|
Article: First Milk aims to adopt farm-to-shop approach DAIRY INDUSTRY: MILK SHAKE-UP Co-operative aspires to follow NZ example
- Article from:
- The Sunday Herald
- Article date:
- June 11, 2006
- Author:
CopyrightCopyright 2006 The Sunday Herald. Provided by ProQuest LLC. (Hide copyright information)
|
FIRST Milk is gearing up to buy rival firms as part of an
aggressive strategy to turn the milk co-operative into a dairy
business that makes its own consumer products and sells directly to
retailers.
Peter Humphreys, who took over as chief executive six months ago,
said that he had aspirations to take Glasgow-headquartered First Milk
down a similar path as New Zealand's Fonterra.
Formed in 2001 by the merger of New Zealand's two major dairy co-
ops and the country's dairy board, Fonterra collects more than 13
billion litres of milk a year and makes and markets over two million
tonnes of dairy products annually. It exports more than 90per cent of