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But in a statement it said the dairyprocessingplant where sweetened condensed milk was made could be sold separately to investors.
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Delays in securing funding have forced Mataura Valley Milk to postpone a $90 million dairyprocessingplant near Gore, in Southland.
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New Zealand's newest dairyprocessingplant, already marked for rapid expansion in the next few years, has been officially opened in South Canterbury today.
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Drinks giant Coca-Cola has described as "speculative" a report that it is considering setting up a dairyprocessingplant in Co Cork.
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A 24-hour strike at Dairygold businesses went ahead yesterday affecting its meat and dairyprocessingplants and 39 retail outlets.