Synlait Milk Ltd
Synlait Milk Limited is a New Zealand-based nutrition company.
The business
Synlait Milk Limited is a New Zealand-based nutrition company. The Company and its subsidiaries are primarily engaged in the manufacture and sale of dairy products. The Company operates through Synlait segment and Dairyworks segment. The Synlait segment is engaged in the manufacture and sale of liquid milk and milk powder-based products, including nutritional, ingredients, fresh milk, and ultra heat treatment (UHT) milk products. The Dairyworks segment engages in the manufacture and sale of cheese and other products (cheese, butter). Its product categories include Infant and Adult Nutrition, Early Life Nutrition, Lactoferrin, Ingredients, and Foodservice. It operates in China, the Rest of Asia, Middle East and Africa, New Zealand, Australia, and the Rest of World. Its subsidiaries include Synlait Milk Finance Limited, The New Zealand Dairy Company Limited, Eighty Nine Richard Pearse Drive Limited, Synlait Business Consulting (Shanghai) Co., Ltd, among others.
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Latest news
Synlait Milk Completes NZ$307 Million North Island Asset Sale to Abbott
Synlait Milk completes NZ$307m NI sale to Abbott, uses NZ$200m to repay debt, halves facilities to NZ$200m, refinancing risks persist after HY26 loss.
Synlait Milk Divests North Island Dairy Assets to US Customer Abbott for NZ$307m
Dairy manufacturer Synlait Milk (ASX: SM1) has entered into a A$270 million (NZ$307m) deal to divest its North Island assets to US healthcare group Abbott. The sale will include the company’s Pōkeno factory, a blending and canning facility in Auckland, a warehouse facility, and associated inventory and leasehold arrangements. Abbott has been a customer of Synlait since […]
a2 Milk Company bids for majority stake in Mataura Valley Milk
New Zealand dairy producer a2 Milk Company (ASX: A2M) surprised the market this morning by unveiling a non-binding indicative offer to acquire a majority stake in Chinese-owned milk manufacturer Mataura Valley Milk for around NZ$270 million. The news comes just two days since a2 Milk Company reported a net profit of almost $386 million in […]
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