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2015: Synlait Milk Limited

2015: Synlait Milk Limited

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Last updated : 03/2015

Synlait Milk (SML) is a dairy processing company based in the Canterbury Region of New Zealand and is the latest addition in the primary-dairy sector listed companies of New Zealand Stock Exchange. Synlait’s business model is to supply specialised high value dairy ingredients to leading milk-based health and nutrition companies internationally. The customers are generally in Asia, but Synlait have also developed significant business in the Middle East, Europe and Africa. In November 2010, a Shanghai-based dairy company, Bright Dairy, invested in Synlait Milk, acquiring a 51% shareholding. On 23rd July, 2013 Synlait started trading at NZX with an Initial Public Offer Price of $2.20.Netherlands-based cooperative Royal Friesland Campina became a major shareholder in the Synlait Milk float (7.5%), joining Bright Dairy (39.1%) and Japan's Mitsui & Co (8.4%) as major shareholders in Synlait.

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