Wattle Health reorganises in infant formula

Nutritional dairy product manufacturer Wattle Health Australia (ASX: WHA) has announced changes to its businesses to speed market penetration for its locally made products. The organic certified company simultaneously announced a new venture, new arrangements with shareholder Chemist Warehouse, and new production arrangements. Wattle Health has signed a shareholders agreement with Nouriz (Shanghai) Fine Food…

Deloitte Australia teams up with IoTium

By Stuart Corner of IoT Australia Deloitte Australia has teamed up with California based IoT startup ioTium to exploit opportunities in industrial IoT. The two say they will jointly deliver the foundational infrastructure to support technology implementation and services that enable end-to-end secure digitisation of industrial IoT (IIoT) platforms for Australian organisations in healthcare, energy,…

Fonterra offloads pharmaceutical business, cuts debt

New Zealand dairy giant Fonterra (ASX: FSF) has offloaded its shareholding in pharmaceutical supplier DPE Pharma as it reorganises its businesses to cut debt. The company sold its 50 per cent shareholding in the international suppliier of dry inhalation powders for $589 million (NZD$633 million), ending its association with milk-based pharmaceuticals. The purchaser was capital…