Kapiti is owned by Lactalis (France), which acquired the brand on 31 March 2026 from Fonterra, as part of a NZ$3.85 billion deal that also included Anchor, Mainland and 4 others.[1][2][3]
This ownership is reported in official statements but has not yet been matched to a regulatory filing.
Kapiti makes speciality cheeses and ice cream and sits at the premium end of New Zealand dairy, named after the island off the country's southwest coast. It was founded in 1984 by a cheesemaker aiming at European-style production, and came to Lactalis through the 2026 purchase of Fonterra's consumer business.
Lactalis is a family-owned company headquartered in Laval, France, founded in 1933. Brandtree records 12 brands under its control.
Lactalis is the largest dairy company in the world by revenue, founded in Laval, France in 1933 and still owned by the Besnier family, which has never listed it. It publishes limited financial information and has grown almost entirely by acquiring national dairy champions across Europe, the Americas and Australia.
Brandtree records a controlling owner for 76 brands that began in New Zealand.
20 of them (26%) are now controlled by a company headquartered in another country, Kapiti among them.
Fonterra sold its entire global consumer business to Lactalis, agreeing the sale in August 2025 for NZ$3.845 billion and completing it on 31 March 2026; resolving a separate dispute with Bega Cheese took total proceeds to NZ$4.22 billion. It moved a century of New Zealand household dairy brands, Anchor and Mainland among them, to a French family company in a single transaction, and turned Fonterra into a business-to-business supplier that now sells milk and ingredients to the buyer of its own brands under agreements running at least ten years. Fonterra kept the Anchor consumer brand in Greater China.
The parent company of Kapiti is Lactalis, a family-owned company headquartered in France.
Is Kapiti New Zealand or French?
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Kapiti originated in New Zealand in 1984, but it is owned today by Lactalis, which is headquartered in France. So Kapiti is a New Zealand-origin brand under French ownership.
When did Lactalis buy Kapiti?
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Lactalis completed its acquisition of Kapiti on 31 March 2026, after announcing the deal on 22 August 2025. The deal, which also included Anchor and Mainland and 4 others, was valued at NZ$3.85 billion (enterprise value).
Is Kapiti still owned by Lactalis?
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Yes. As of 16 September 2026, Kapiti is still owned by Lactalis. The ownership record was last checked against primary sources on that date.
Sources (3) & corrections
Last verified . Every ownership fact above is backed by one of these primary documents. Numbers in brackets in the text refer to this list.
[1]Our brands - Lactalis USA — Lactalis USA (Groupe Lactalis), Official document; retrieved 28 September 2026.
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