News Business
Yili daughter Westland buys butter packer
New Zealand-based Westland Foods, a subsidiary of Chinese dairy giant Yili, has purchased butter packer Canary Foods.
CEO Richard Wyeth of Westland is very happy with the purchase. Westland has already invested heavily in butter processing in recent years. The Hokitika plant has received $40 million to double its consumer butter production capacity. Since then, Westland has been focusing on the export of all kinds of butter products for retail.
Butter in small packaging for travel industry
Canary Foods is particularly strong in the production of butter and spreads in small packages for airlines, hotels and catering. The company has recently also had biodegradable packaging developed for this purpose, with which it can profile itself as extra sustainable. It is therefore not surprising that Canary Foods exports 75% of its production. The new acquisition for Westland Milk Products will become a subsidiary, but may continue to operate independently for the time being.
Klaas van der Horst
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