Synlait receives Overseas Office Investment approval for Dairyworks acquisition

摘要

Synlait Milk Limited has confirmed that the Overseas Investment Office has granted consent under the Overseas Investment Act 2005 to its purchase of the shares in Dairyworks Limited (Dairyworks). As Overseas Investment Office consent was the only condition attached to Synlait's purchase of the shares in Dairyworks, arrangements were made for settlement on 1 April 2020. Dairyworks specialises in the processing, packaging and marketing of dairy products. A New Zealand leader in the Everyday Dairy category, with a growing Australian presence, Dairyworks supplies New Zealand consumers with almost half of its cheese, a quarter of its butter, as well as milk powder and ice cream.