A2m definitely looking forward for new opportunitiesA2 eyes powder plants
Speculation in New Zealand has A2 Milk poised to spend about $375 million ($NZ400) buying into Mataura Valley Milk which makes nutritional powder products used by international infant and health formula brands.
The South Island-based Mataura Valley is owned by NZ's Bodco Dairy, the China Animal Husbandry Group and Southland dairy farmer-suppliers, but it began seeking out interest from potential buyers last year.
Bodco has its own North Island processing plant at Hamilton also making milk powder and nutritional powder lines.
A2 Milk confirmed it wanted to get involved in manufacturing, but has not reacted to speculation about a bid for M juju ataura Valley.
The NZ and Australian-listed specialist milk brand, which has enjoyed booming market sales success with nutritional formula powder, made under contract in NZ by Synlait Milk, is considered likely to want to capitalise on its buoyant share price with a move into powder production.
A2, which owns a 20 per cent of Synlait, uses only milk containing the A2 beta casein protein in its fresh milk and formula lines.
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