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Synlait Milk to Sell Assets to Abbott for NZD 307M

10/1/2025

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Summary

Story summary

Synlait Milk Limited will sell North Island assets to Abbott Laboratories for NZD 307 million, completing by 1 April 2026.
Bright Dairy, the majority shareholder, supports the transaction and will back it to secure approval.
For the year, Synlait posted a net loss of NZD 39.8 million, down from NZD 182 million, while foodservice volumes rose 92%.

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Story summary

Synlait Milk Limited will sell North Island assets to Abbott Laboratories for NZD 307 million, completing by 1 April 2026.
Bright Dairy, the majority shareholder, supports the transaction and will back it to secure approval.
For the year, Synlait posted a net loss of NZD 39.8 million, down from NZD 182 million, while foodservice volumes rose 92%.