George Adams: 'I didn't think it was reasonable for Synlait to fail'

Synlait chair George Adams says more than once he thought the dairy firm could go bust. (Image: Synlait)

Thu, 19 Sep 2024

George Adams hasn’t had a proper weekend for nearly six months. In March, Adams joined the board of New Zealand Exchange-listed (NZX) Synlait Milk, which at the time faced a very uncertain future. Its debt, including listed bonds, matured throughout this year; its North Island plant lost nearly $1 million a day, and it was in the middle of a public dispute with its largest customer, The a2 Milk Company, among myriad other issues. This week, its shareholders approved an almost $218m capital raise at a special meeting he...

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