Synlait Milk in New Zealand Welcomes New CEO
In a significant development within the dairy industry, Synlait Milk, a leading New Zealand-based dairy and infant formula company, has appointed Richard Wyeth as its...
Tag : Synlait Milk
Synlait Milk CEO Grant Watson Resigns After Turbulent Year
Synlait Milk CEO Grant Watson has announced his resignation after guiding the New Zealand-based dairy and infant formula company through a challenging year. The announcement...
Synlait Advances Its Survival Strategy with Debt Refinancing
Synlait Milk has successfully secured debt refinancing with its creditors, marking a crucial step toward ensuring the survival of this New Zealand-based dairy company. The...
Synlait Keeps North Island Facility but Halts Milk Processing Operations
New Zealand’s dairy and infant formula company, Synlait Milk, has announced that it will maintain its Pōkeno plant located on the North Island; however, this...
Synlait Refutes Claims of Asset Sale Decision
Beleaguered New Zealand dairy and infant formula company Synlait Milk has refuted claims regarding the sale of assets to rival Open Country Dairy. Local media...
Synlait Initiates Equity Raise to Ensure Long-term Viability
China’s Bright Dairy is poised to become the majority stakeholder in Synlait Milk through a crucial NZ$271.8 million ($166.8 million) equity raise aimed at revitalizing...
Synlait and A2 Milk Settle Prolonged Contractual and Pricing Dispute
Synlait Milk and The A2 Milk Co. have reached a resolution in a long-standing dispute regarding contracts and pricing. The settlement, announced on 16 August,...
Shareholders of Synlait approve bailout by Bright Dairy
Synlait Milk, a New Zealand dairy business, has recently secured shareholder backing for a substantial loan from its major supporter, Chinese company Bright Dairy. The...
Chinese shareholder comes to the rescue of Synlait Milk
Synlait Milk’s main shareholder has stepped in to assist the New Zealand dairy business by providing funds to meet debt obligations. In a bid to...
Synlait CFO transitioned to new role overseeing asset evaluation
Attempting to strengthen its financial position, New Zealand dairy company Synlait Milk has appointed CFO Rob Stowell as its chief commercial officer. In the interim,...