Synlait takes out $8.8m suit over cheese acquisition

Synlait is suing over the cheese acquisition. (Image: supplied)

Fri, 25 Mar 2022

Synlait has taken out an $8.8 million court case against the vendors of a specialty cheese business it bought.Synlait purchased Talbot Forest Cheese in 2019 for $38.5m but says it has performed poorly for the NZX-listed dairy company.In last September’s results briefing, Synlait cited Talbot as the specific reason its consumer brand Dairyworks underperformed in the 12 months prior. The market had been told Talbot would contribute between $15m and $20m in earnings before tax depreciation and amortisation, but it has been operating at...

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