New Zealand Dairy Board

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

Other producer boards:

See also

References

  1. ↑ Dairy Produce Export Control Act 1923
  2. ↑ "Dairy Board Act 1961"
  3. 1 2 Herald online staff, Reuters (2001-06-18). "'Huge responsibility' on GlobalCo to perform". New Zealand Herald News. www.nzherald.co.nz. Retrieved 2010-10-14.
  4. ↑ "Global Co renamed Fonterra". The New Zealand Herald. Aug 27, 2001. Retrieved 15 February 2017.
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