Westland Milk Products, New Zealand's second-largest dairy cooperative, is wholly owned by the Chinese dairy giant Yili Group. Yili acquired Westland via a comprehensive scheme of arrangement, injecting vital capital and strategic oversight to restructure operations, enhance processing capabilities, and turn historical financial losses into sustainable profitability. This acquisition forms a critical pillar of Yili's broader Oceania expansion strategy, securing access to premium dairy raw materials for global distribution.