Synlait Milk inks new higher volume supply deal with Bright Dairy

Tue, 13 Feb 2018

By Tina Morrison Feb. 14 (BusinessDesk) - Synlait Milk, the NZX-listed dairy company, has inked a new five-year supply agreement for increased volumes of packaged infant formula with its cornerstone shareholder Bright Dairy. The agreement builds on previous supply arrangements put in place since the relationship began in 2011 and targets a fourfold increase from current volumes over the five-year term, Rakaia-based Synlait said in a statement. The deal provides both companies with certainty around production volumes for Bright Dairy's...

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