Move from meat to dairyThis article was originally published in Foodnews
NEW Zealand meat processor Affco Holdings is diversifying into dairy products via a wholly owned subsidiary. Dairy Trust will develop, own and manage a small number of dairy plants around New Zealand. It will acquire three sites from Affco where it will construct and operate dairy facilities. Dairy Trust also proposes to acquire a fourth site in Southland and is in discussions with a small number of investors about taking shareholdings in the new venture.