Nutricia to Add Milk Drying and Packing Capacity in NZ

Nutricia to Add Milk Drying and Packing Capacity to Existing Platform in New Zealand

Nutricia today announces an agreement for the simultaneous acquisition of the spray dryer of Gardians, located near Balclutha, and the blending, packing and can-forming activities of the Sutton Group in Auckland.

This transaction will provide Nutricia with a large milk drying capacity, along with a long-term fresh milk supply access. It will also add an infant formula blending and packing facility to Nutricia's existing operations platform.

With this investment, Nutricia not only pursues the development and diversification of its base powder sourcing, but also reinforces its New Zealand heritage.

While expanding activity in the country, Nutricia stands by its quality and safety commitments in terms of continuous industry standards improvement.

This transaction is subject to standard regulatory approvals and is expected to close in the coming months.

ENDS

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