"This acquisition enhances our current portfolio, and will cement Synlait as |
a company with high-quality, flexible dairy manufacturing capabilities that |
can be tailored to meet customer needs," says Mr Clement. |
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"We will be able to manufacture a variety of cheese products that complement |
our existing product portfolio, whilst at the same time further diversifying |
our revenue streams." |
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"The proposed acquisition contributes to our intention to grow within the |
Everyday Dairy category in New Zealand (which is a notable $2 billion market) |
and overseas," he says. |
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The investment is expected to be in the range of $30 - $40 million, which |
reflects incentives for various conditions to be met. |