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Chilterra Dairy Farm Syndicate in Chile. Another New Zealand Chilean Success Story or a disaster?

image of Argentina: Los lácteos
A Chilean farmer had given those on the New Zealand Prime Minister’s tour of Latin America an entertaining insight into farming in the country, saying when he first got involved with a New Zealand company, his father warned him, “they will take your land and your wife.” ( some truth in that ) Ricardo Rios is a farmer in Chile and the CEO of Chilterra, a dairy company in Chile that had backing from New Zealand investors. On Sunday, Mr Rios spoke to the Prime Minister’s delegation at a…

New Zealand Dairy Co operative Fonterra sells its Chilean business Soprole for $1.055 billion

Fonterra will sell its Chilean business Soprole to Gloria Foods in a deal worth 591.07 Chilean Pesos or around $1.055 billion. Fonterra’s predecessor, the Dairy Board, bought a controlling stake in Soprole in 1986. In 2008, Fonterra took its holding in Soprole, one of Chile’s best-known brands, to a fraction under 100 per cent. It was sold to a Peruvian company called Gloria Foods It began a sales process in April as part of its strategy for 2030 to reduce its debts and. refocus on its home market. Fonterra…

Fonterra in Chile comes under the spotlight for alleged monopoly business practices

Protestors at a Fonterra plant in southern Chile may have pulled back, but the truce may be short-lived because demonstrators expect dialogue, something Fonterra New Zealand says isn’t happening. The more than 200 members of the Chilterra ( the company has a large New Zealand Shareholding ) workers’ union and indigenous representatives said they lifted the protest because Soprole had agreed to sit down at the table with them. Soprole is owned by Fonterra, and Chilterra ( this company has gone into…

New Zealand based Fonterra Dairy Group merges its Chilean businesses into one entity

Fonterra continues to streamline its operations in Chile after merging Soprole and Prolesur into one entity. “Previously, Soprole and Prolesur were both publicly listed companies. As of 1 March 2021, Soprole is the single listed company under which the Prolesur business now sits,” said Kelvin Wickham, Fonterra chief executive for Africa, Middle East, Europe, North Asia, Americas. The day-to-day operations and management of the two businesses remain unchanged but “simplifying the corporate structure of…
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