50 | DAIRY INDUSTRY Blue River Dairy Innovative Co enjoys huge growth Richard Loader Robert Boekhout: “The opportunities here are global; we’re excited for the future of our innovative company.” “Blue River Dairy has grown immensely as a business, and that’s down to the dedicated people that make up our team...” Southland-based nutritional products manufacturer Blue River Dairy has achieved top spot on Deloitte’s 2021 Master of Growth Index. The Master of Growth Index, which is made up of the 20 fastest growing established businesses, is determined by revenue growth percentage. To be eligible for the Deloitte Master of Growth, entrants must be a New Zealand registered business and trading for a minimum of five years, have revenue of $5 million or above in FY17 and submit independently prepared financial statements for FY17 and FY21. Blue River Dairy has reached a staggering 1502% growth since 2017 — the highest percentage in the Index’s history and more than twice the growth of previous winners. General Manager Robert Boekhout said achieving the number one spot on the Index was an honour that recognised the efforts of Blue River’s global team and the business’s sustained growth during the past five years, beyond the world-wide turmoil of the past two years. “We’re honoured to be at the top and it’s a success we share with others because making our way there hasn’t been in isolation. “This award recognises not just our team’s effort but also the supplier partnerships and relationships we have developed along the journey.” Entering the Master of Growth Index for the first time in 2021, Blue River Dairy has featured in the top 10 of the Deloitte Fast 50 Index three years running (2017-2019), with no Fast 50 held in 2020. Blue River Dairy commenced operations 18 years ago, developing the world’s first sheep milk nutrition products using exclusively sheep milk protein and today manufactures nutritional products using milks from three different species — sheep, goat and cow. In 2015, the company was purchased by the Chen family and began a rapid journey of growth, culminating in 2021 by being recognised by Euromonitor as the biggest sheep milk nutrition brand in China. The company is part of the wider Blue River Group stretching across New Zealand, Europe and China. Located in central Invercargill, Blue River Dairy’s sustained success begins with great products. It has been a leading innovator in the nutrition milk powder space, offering a wide range of premium quality dairy products for different dietary requirements. Adaptability and playing to its strengths have long been part of Blue River Dairy’s ability to be nimble. In the business’s duration, it has evolved from producing boutique sheep milk cheese, to identifying early the volume, value and market demand for premium nutritional products. As a business, Blue River Dairy has placed an intentional focus on its people and culture to ensure it is a workplace where everyone is respected and valued. “Blue River Dairy has grown immensely as a business, and that’s down to the dedicated people that make up our team, all of whom we’re appreciative of,” says Robert. “ “We currently employ a little over a 150 people but that’s likely to increase to 170 this year to support our growth. We have a significantly large quality, technical and R&D function here with 18 people dedicated to quality, technical and compliance roles.” In recent years Blue River Dairy has recognised that the needs of the market are changing, forward focusing on developing nutrition to support consumers at each stage of life. “We believe in better nutrition for a better life, through all stages of life. The opportunities here are global; we’re excited for the future of our innovative company. “One of our current focuses and key projects is around upgrading our existing formulations and registrations. It’s a cyclical renewal of registrations for our export products. We’ve upgraded the product formulations, and we’re now upgrading our processes in terms of compliance to ensure we align with all the relevant standards and regulations. We’re investing heavily in our plant and upgrading our operation, with some significant cap-ex projects happening round the site at the moment. With that we’re also upgrading our products with some unique packaging formats. So there are some exciting changes happening within the Blue River Dairy Group. We keep pushing the boundaries about where we can go next.” Blue River has been built around being agile, having a clear vision and being resilient when facing change. “Because we’re flexible we’re able to quickly innovate and stay ahead of market changes. “Our company culture is one where fresh ideas and approaches are not only encouraged, they’re part of our DNA as a business.” Oj i Fibre Solut ions Packaging 0800 220 500 | oj i fs.com Providing Blue River Dairy LP with quality corrugate packaging, made from renewable, sustainably harvested forestry and recycled wood fibre. 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