Fonterra said the move is supported by the board at Bonlac Supply Company (BSC), its joint venture partner, but still to be ratified by BSC shareholders. "These changes underline our commitment to maintaining robust and sustainable businesses in Australia's dairy sector that are internationally competitive and which allow everyone in the production chain to make money - farmers, dairy companies and retailers," said Fonterra's chief executive Andrew Ferrier. He said that Fonterra's move to gain 100 per cent of BFL would give BFL's 1,500 farmer suppliers more stability than they have today.