Fonterra's leadership say they're very comfortable with where the co-op is at following this week's news Tip Top has been sold to an overseas company.
Chief executive Miles Hurrell told Jamie Mackay on The Country proceedings at Fonterra's My Connect conference took a break yesterday so management could "front up" to farmers' questions over the sale.
Fonterra has sold the ice cream business to Froneri, which was created in 2016 by Nestle and UK ice cream company R&R – owned by French private equity firm PAI Partners.
The purchase price was confirmed as $380 million.
Hurrell told Mackay he was "very happy with the outcome" of the sale.