The a2 Milk Company (a2MC) has completed its acquisition of China Mengniu Dairy Group’s subsidiary, Yashili New Zealand’s, Pokeno plant for around $282 million.
The integrated nutritional manufacturing facility has two China label infant milk formula product registrations attached to it.
Managing director and CEO, David Bortolussi, said, it was a significant step in the company’s supply chain transformation. Bertolussi announced the acquisition with the FY25 results last month.
“With full ownership we gain strategic control over two China label registrations, which we plan to relaunch under The a2 Milk Company brand within 12-18 months, with access to a potential third registration slot over time (all subject to China regulatory approvals),” Bertolussi said.
The Pokeno facility is regarded as world-class, with a proven track record. It has been producing a2MC’s English label products, a2 Gentle Gold and a2Genesis.
A2MC chair, Pip Greenwood said the deal gave the company clarity on future capital requirements.
“It also brings us closer to returning value to shareholders through an intended $300 million special dividend, subject to China label regulatory approvals in connection with the Pokeno acquisition and completion of the MVM divestment,” Greenwood said.
