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

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)
Riley Kennedy
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...

More Primary Sector

Fonterra steps up work on potential consumer business divestment
Primary Sector

Fonterra steps up work on potential consumer business divestment

Last month Fonterra said it was still working towards a 12- to 18-month timeframe. 

Synlait lifts 2024/25 forecast milk price
Primary Sector

Synlait lifts 2024/25 forecast milk price

Its $9 per kilogram of milk solids is in line with Fonterra's midpoint.

Delegat boss Steve Carden quits
Primary Sector

Delegat boss Steve Carden quits

Delegat Group managing director Steve Carden has resigned.Having been with the business for three years, his last day will be on Jan 31, 2025.He joined the New Zealand Exchange-listed (NZX) wine group in 2022, having been chief executive of state-owned farmer Pāmu for eight years...

Riley Kennedy 08 Oct 2024
What new Japanese owners plan for Ashburton Meat Processors
Primary Sector

What new Japanese owners plan for Ashburton Meat Processors

New beef chain up to export standards and meat-processing room coming.

Riley Kennedy 07 Oct 2024