Synlait Milk to buy Dairyworks for $112m

Synlait Milk to buy Dairyworks for $112m
Rebecca Howard
Synlait Milk announced the conditional purchase of South Canterbury’s Dairyworks for $112 million, subject to Overseas Investment Office approval.If approved, Dairyworks will operate as a stand-alone business under the Synlait umbrella, with its chief executive Tim Carter, reporting to Synlait chief executive Leon Clement.“The acquisition allows us to get closer to consumers, a key part of our long-term strategy,” Synlait said. Synlait says it has sufficient bank facilities in place to fund the acquisition and, given it is subject to OIO a...

More Primary Sector

The cheese deal with Fonterra that 'really kick-started' Bega
Primary Sector

The cheese deal with Fonterra that 'really kick-started' Bega

The owner of Vegemite now wants to get its hands on Fonterra’s brands.

Bremworth getting back into synthetics
Primary Sector

Bremworth getting back into synthetics

Albeit in a small, but carefully curated, number of products.

Riley Kennedy 09 May 2025