Cardinal buyout completed by Iwi-backed consortium

In New Zealand, an Iwi-backed consortium has completed its buyout of Cardinal. Meanwhile, Tourism Holdings Limited (THL) has returned to profitability, although the company noted that disruptions in the Middle East have impacted its performance.

In Canada, Agropur is expanding its dairy portfolio with the launch of a new 6% milk fat product under the Québon brand in Quebec. This follows similar product launches under the Sealtest and Island Farms brands in Ontario and British Columbia, respectively.