Australian company Bubs partners with Fonterra to make Australia’s first organic grass-fed infant formula

Quick on the heels of announcing growth revenue figures in excess of $11 million, Bubs Australia has confirmed the company will be the first to produce Australian-made organic grass-fed infant formula. The infant formula producer said that it has entered into a long-term supply and manufacturing agreement with Fonterra Australia to produce its news formula range called Bubs Organic. The deal represents a significant coup of Bubs given that Fonterra Australia is a multinational dairy co-operative owned by around 10,500 New Zealand farmers and is currently New Zealand’s largest company by revenue. The company is responsible for approximately 30% of the world’s dairy exports and generated annual revenues in the region of NZ$17 billion (A$16 billion) per year. The supply agreement is conditional and will initially run until 31 July 2021. According to the terms of the deal, Fonterra will supply Bubs with organic milk powder, sourced from its organic milk pool in New Zealand, which will be manufactured at its facility in Darnum, Victoria…… Read

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