New Zealand dairy group Fonterra on Monday confirmed the sale of its Tip Top ice...
FILE PHOTO: The Fonterra Te Rapa dairy factory is seen outside Hamilton March 30, 2016. REUTERS/Henning Gloystein
The world’s largest dairy company had said last year that it was considering options for Tip Top, and on Monday flagged several bids for the business. The dairy producer also said it had entered an agreement with Froneri to supply milk, and that the Tip Top name and its operations, including an Auckland-based factory site at Mount Wellington, will be maintained.
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