Fonterra is merging its Australian business and Fonterra Brands New Zealand (FBNZ) into Fonterra Oceania from 1 May 2024. FBNZ includes consumer brands and foodservice businesses in New Zealand, including brands Anchor, Mainland and Kāpiti. Announcing the merger in an email to suppliers, Fonterra CEO Miles Hurrell said the NZ brands will continue to utilise NZ milk, while the Australian milk pool will provide milk solids for Fonterra’s Australian brands and ingredients.

The business will be headed by current Fonterra Australia managing director Rene Dedoncker.