Synlait Milk’s Bright spark

Bright Dairy played a key role in helping Synlait grow. (Image: Synlait)

Thu, 22 Jun 2023

Synlait Milk first tried tapping the market for funds back in 2009. The upstart dairy processor had already come a fair way building a factory in Dunsandel in Canterbury and wanted to double capacity with a second plant, with a figure of $150 million bandied about. Back then, New Zealand’s capital markets were in a lacklustre shape. The global financial crisis has sapped investors’ confidence, dairy prices were in the doldrums, and Fonterra was still reeling from the San Lu melamine disaster. Enter Bright Dairy &...

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