Recent divestiture and change in ownership
The company managed to retain some of its original land grant during the 20th century, but by the 1970s it only owned the Woolnorth part, which amounted to just one seventh of its original selection.[4]
In July 2014 it was announced the owner of the Van Diemen's Land Company, New Plymouth District Council (through Taranaki Investment Management Limited) in New Zealand, was attempting to sell the company.[2][11]
On 6 November 2015, Australian company OnCard announced its entrance into an agreement to buy the Van Diemen's Land Company. The agreement, worth $250 million followed OnCard's acquisition of another dairy food products business, Meander Valley Dairy.[12]
In 2016, Moon Lake Investments, controlled by Lu Xianfeng, purchased it for A$280 million.[13] Moon Lake Investments has since changed its name to Van Dairy Limited.[14] In 2021, 12 farms comprising 2,200 hectares were sold to Prime Value, an asset manager based in Melbourne, for A$62.5 million.[15] Later in 2021, 6,000 hectares in the Woolnorth area were sold to TRT Pastoral Group for over A$120 million.[16] In February 2024, Van Dairy lost a major milk contract with Fonterra, resulting in the reduction of its herd of cows by at least 700, and possibly thousands. In March 2024, another 700 hectares of land was sold to Prime Value for A$15 million.[17]