Synlait acquires Talbot Forest Cheese assets


Synlait aims to diversify its revenue streams through the acquisition of selected assets of New Zealand firm Talbot Forest Cheese, as the dairy processor records a full-year profit rise of 89 per cent.


The deal includes property, plant and equipment at a new facility in the town of Temuka, New Zealand, as well as the consumer cheese brand Talbot Forest Cheese.


The investment is expected to be between NZD 30 million ($20.1 million) and NZD 40 million ($26.7 million) and Synlait will assume full management and operational control of Talbot on 1 August 2019.


According to the newly appointed Synlait CEO Leon Clement, this acquisition enhances the company’s current portfolio, and will cement Synlait as a company with high-quality, flexible dairy manufacturing capabilities that can be tailored to meet customer needs.

Read Previous

Thermo Fisher launches new diagnostic kit for milk contamination

Read Next

Jain Farm Fresh to open new processing facility for spices

Leave a Reply