National Foods and Fonterra have entered into an agreement for Fonterra to acquire the Ski yoghurt brand from National Foods, should National Foods successfully acquire Dairy Farmers.
In September 2008, Fonterra acquired the rights to manufacture, market and sell Nestlé’s yoghurt and dairy dessert brands in Australia.
As a part of that transaction Fonterra also acquired the long-term rights to the Ski brand from 2012.
Ski had been licensed to Dairy Farmers up to 2012.
The new agreement between Fonterra and National Foods is conditional on the Dairy Farmers shareholder vote and regulatory approval.
Under the agreement, for the next two years National Foods would continue to manufacture, on behalf of Fonterra, the entire range of Ski yoghurts presently produced at the Dairy Farmers Wetherill Park production facility.
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