Stock & Trade: Synlait’s best move? Not getting rid of Dairyworks

Dairyworks CEO Tim Carter. (Image: Supplied/Jacques Steenkamp)

Fri, 28 Nov 2025

Pressure often drives decisions that, in hindsight, feel regrettable.It’s hard not to look at the performance of Dairyworks in recent years and think that might have been one of those moments if Synlait Milk had actually sold it.In a move to deleverage its balance sheet in 2023, under previous leadership at the time, Synlait threw the consumer dairy goods business back on the market -- three years after it purchased it off the Cross family in 2020 for $112 million.Get up to date fast. Join BusinessDesk's WhatsApp channel.Then-chief ex...

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