Co-designed by the Co-operative, the programme will begin with a pilot in Waikato and Bay of Plenty, starting in early 2026.
The final votes on the divestment were cast at a virtual Special Meeting.
The investment will enable construction of a new butter line at Clandeboye, expanding the site’s current butter production capacity by up to 50,000 MT per annum.
Breakthrough collaboration targets improved pasture performance, resilience, and climate-smart benefits.
The Co-op also announced a FY25 full year dividend of 57 cents fully imputed, and at the upper end of its dividend policy, equating to US$530 million ($916 million) of cash to shareholders and unit holders.