New Zealand Dairy Board

The New Zealand Dairy Board (NZDB) was a statutory board in control of the export of all New Zealand dairy products from its formation in 1923 until 2001.[1][2] It operated through a global network of marketing subsidiaries.

In 2001, the Dairy Board was merged with the two largest New Zealand dairy cooperatives (which represented 96% of the industry) to a company initially called GlobalCo, but shortly afterwards renamed Fonterra.[3][4]

The merger required approval from the Commerce Commission, which it declined, so a special Act of Parliament, the Dairy Industry Restructuring Act 2001 was passed allowing the merger to occur.[3]

See alsoEdit

ReferencesEdit

  1. ^ Dairy Produce Export Control Act 1923
  2. ^ "Dairy Board Act 1961"
  3. ^ a b Herald online staff, Reuters (18 June 2001). "'Huge responsibility' on GlobalCo to perform". New Zealand Herald News. www.nzherald.co.nz. Retrieved 14 October 2010.
  4. ^ "Global Co renamed Fonterra". The New Zealand Herald. 27 August 2001. Retrieved 15 February 2017.

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