Bega Group

This move comes after New Zealand-based Fonterra announced that it would explore full or partial divestment options for ‘some or all’ of its global consumer business.

These agreements, established in 2001, allow Fonterra to use Bega’s brand on dairy products such as butter and cheese.

The financial upturn comes amid strategic moves by the company, including the sale of its Leeton juice extraction plant to Grove Juice.