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Babidge said Mataura's major shareholder, China Animal Husbandry Group (CAHG), which currently owns 78.6 percent , would reduce its stake to 24.9 percent. A2 Milk is paying for the stake from cash reserves. BODCO - Hamilton - 40% owned by China Animal Husbandry. Mataura also owns a near-new processing plant north-east of Invercargill in a region known as Southland, a developing dairy area. a2 Milk chief executive Geoff Babidge did not specify which processor it was aiming to acquire, although reports on both sides of the Tasman indicate the Mataura Valley Milk company in … "Our intention would be to invest further to establish blending and canning capacity at Mataura's facility to support the establishment of a fully integrated manufacturing plant for infant nutrition.". He estimated the value of the information to Mataura Valley possessed by Mr Scott would be somewhere between $4–$4.5 million. A2 Milk announced on Friday it's in discussions with Mataura Valley Milk to acquire 75.1 percent of the company, a stake worth around $270 million. a2 Milk’s outgoing CEO, Geoffrey Babidge, explained that if the deal went through, a2 Milk would invest a further NZ$100 million to enable Mataura Valley’s new plant to can infant formula. CAHG’s parent company is the state-owned China National Agriculture Development Group, which also owns a logistics and distribution company in Shanghai which is a key partner for A2 Milk. A2 Milk has acquired a majority stake in New Zealand company Mataura. He believed there was some “real” growth taking place in the district. "MVM provides a unique opportunity to acquire a new world class nutritional products manufacturing capability in New Zealand, alongside a highly respected China state-owned enterprise in China Animal Husbandry Group," he said. Geoff Babidge, CEO of The a2 Milk Company.Credit:Rhett Wyman. A2 told shareholders on Thursday morning it had entered into a binding agreement to acquire 75 per cent of Mataura Valley Milk (MVM), which produces a number of nutritional and milk powders. Earlier this month the company posted a record profit of $385.8 million. Bell Potter does point out, while this may pose a threat to volumes in future, Synlait owns the a2 Milk brand registration in China and this improves Synlait is negotiating power. The new Mataura Valley Milk plant being built at McNab is forecast to pour about $90million annually, directly or indirectly, into the South’s economy. A2 plans to convert Mataura into a manufacturer of canned infant formula over the next two to three years, which will cost the business $112 million as a blending and canning facility will need to be built. Babidge said discussions around the potential deal were "ongoing and remain incomplete". Lean Meats Oamaru - owned by NZ Binxi Oamaru. plant. "The potential investment in Mataura Valley Milk's recently commissioned facility, alongside CAHG, aligns with this strategic objective as we look to complement and build upon our current strategic relationships with Synlait Milk and Fonterra Co-operative Group, which remain in place," said Babidge. CAHG’s parent company is the state-owned China National Agriculture Development Group, which also owns a logistics and distribution company in Shanghai which is a key partner for A2 Milk. Clutha-Southland MP Hamish Walker said MVM had been working hard to earn the respect and trust of Southlanders. A2 Milk Company Ltd shares are up more than 2% after it announced it may make an acquisition.. What’s the acquisition? CAHG will assist A2 with regulatory affairs and market access in China, which the company has said increases the strategic value of the deal. China Animal Husbandry is a subsidiary of another state-owned-enterprise known as China National Agriculture Development Group, which itself is the parent of a2's distributor in China, China State Farms. Mataura Valley owns a near-new processing plant north-east of Invercargill in a region known as Southland, a developing dairy area. China Animal Husbandry Group, a state-owned-enterprise, now owns 82 per cent of Mataura Valley Milk. CAHG is a wholly owned subsidiary of China National Agriculture Development Group, which is also the parent company of a2 Milk Company’s strategic partner in China, China State Farm. First ... Obviously a2m is being held hostage here considering CAHG owns the distribution company that deals with a2m in … As a milk marketing company (a2 owns shares in Synlait) and is now potentially buying into Mataura Valley Milk)). Dominic Powell writes about the retail industry for the Sydney Morning Herald and The Age. 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