Media Updates, page-5756

Not sure if you saw but they are spending $270M to buy a majority stake in Mataura Valley Milk. They also recently upped their stake in Synlait and invested in expansion of Kyvally Dairy. All steps which will give them greater control over their supply chain and diversify away from dependence on one supplier, good for flexibility and ability to negotiate better pricing.

They were able to take these steps quickly to capitalise on opportunities - SML's s share price dropped low, MVM ran into financial trouble - and A2m was able to swoop in. No capital raising needed, no dilution of shareholder value, just fuel for long term growth.

I believe this is the best position for the company to keep itself in, able to pounce on opportunities as they come up. Plenty of ways to further their growth.