Overview
- The sale covers the loss‑making Pōkeno factory, a blending and canning facility, and a warehouse, transferring the North Island portfolio to Abbott.
- Synlait values the deal at US$178 million (NZ$307m), aligning with a strategy to exit underutilised assets.
- Net debt fell to NZ$250.7m in fiscal 2025, and the company plans to apply sale proceeds to further reduce borrowings.
- For the year to 31 July, Synlait returned to EBITDA profitability and narrowed its net loss to about NZ$40m.
- Completion is targeted for 1 April, pending a 21 November shareholder vote and consent under the Overseas Investment Act, with transitional services to Abbott for up to three years.