Fonterra’s sale of Soprole, its operation in Chile, to Peruvian firm Gloria Foods is part of the diary giant’s renewed focus on its operations in New Zealand.

“Soprole ... does not rely on New Zealand milk or expertise,” Fonterra CEO Miles Hurrell said when the sale was announced, reiterating the company’s focus on New Zealand milk. Fonterra had flagged the sale of its Chilean assets in its “path to 2030” strategy document, so the divestiture is no surprise.