Miraka has announced an agreement under which Open Country Dairy would acquire 100 percent of the company.
The sale brings together Miraka’s high-quality New Zealand milk, established supplier base and customer relationships with Open Country Dairy’s scale, network, and global market reach.
For farmers, customers, and employees, day-to-day operations continue as usual. Milk processing and supply contracts remain in place, as does its commitment to service and quality.
“There is a lot to be proud of for Miraka over the past 15 years, having grown to become New Zealand’s second largest Māori-owned exporter," said Board Chair Bruce Scott.
"However, there are significant challenges that come with being a standalone regional processor operating in a global market. Under Open Country Dairy’s ownership, our Miraka whānau will be part of a strong New Zealand-owned network serving the global dairy market.”
Miraka will continue to operate under its current name and brand in the market, working closely with its suppliers, employees, customers, key stakeholders, and the local community to ensure a smooth transition and long-term benefits for the community.
Miraka is New Zealand's, and the world's, first dairy processing company to use renewable geothermal energy, giving it one of the lowest manufacturing carbon emissions footprints in the industry globally.
