Global dairy giants circle Fonterra’s $4 billion consumer brands Meiji, Lactalis, Saputo and Warburg Pincus eye Fonterra’s divestment of global consumer units1 May 2025 1 May 2025 2 minute read 2 minute read By: By: Global Ag Media OceaniaCompanies including Japan's Meiji, French group Lactalis and Canada's Saputo are considering bidding for the units dairy giant Fonterra is seeking to divest, Reuters reported, citing two sources with knowledge of the matter this week. The companies would be bidding for Fonterra's global consumer businesses consisting of the operations and marketing of brands such as Mainland and Anchor butter, Kapiti ice cream and cheese and the Anlene powdered milk supplement. A deal for the businesses Fonterra is divesting could be valued at around NZ$4 billion ($2.37 billion), the two sources said. US private equity firm Warburg Pincus is also interested in buying the businesses, said one of the two sources and a third source with knowledge of Warburg's interest. Lactalis and Warburg Pincus declined to comment.