Mataura Valley s current majority shareholder is a Chinese state-owned enterprise, China Animal Husbandry Group (CAHG), which will retain a 25 per cent interest. The group is a subsidiary of China National Agriculture Development Group, which is the parent of a2’s strategic logistics and distribution partner in China, CSFA Holdings Shanghai (China State Farm).
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Mataura Valley Milk opened its $226m plant near Gore in 2018. Babidge said it was pleasing the transaction had the support of all Mataura’s existing minority shareholders, ‘’many of whom are farmer suppliers.” The purchase will give it dual supply arrangements for nutritional products, complementing its existing supply relationships with Synlait Milk and Fonterra, he said.