Synlait to sell North Island assets to Abbott in $307m deal

(Image: Synlait)

Mon, 29 Sep 2025

Synlait Milk is selling its North Island assets to Abbot for approximately $307 million.Global healthcare leader Abbott has been a Synlait customer since 2020.The two companies have now negotiated the sale and purchase of Synlait’s North Island assets – these are the Pōkeno manufacturing facility, along with the company’s Auckland sites (assets held at the blending and canning facility on Richard Pearse Drive and the warehouse facility on Jerry Green St), and associated inventory and leasehold arrangements, Synlait said. ...

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