a2 Milk doubles Synlait stake and welcomes new chief – eDairyNews
Countries Australia |9 agosto, 2018

Business | a2 Milk doubles Synlait stake and welcomes new chief

Dairy disruptor The a2 Milk Company has forked out $148 million to build on its stake in New Zealand dairy processor Synlait.

The investment brings its stake in the NZ company – which supplies its A2 milk-based infant formula – up from 9.11 per cent to 17.39 per cent. The additional 8.3 per cent shareholding was bought from Mitsui & Co for $NZ10.90 per share.

“This investment in Synlait is consistent with The a2 Milk Company’s commitment to long-term supply arrangements with high quality partners such as Synlait Milk and Fonterra Co-operative Group,” a2 Milk’s new managing director Jayne Hrdlicka said.

Hrdlicka, a former Jetstar CEO and Woolworths non-executive director, took up her role as a2 Milk MD and CEO on 16 July, taking over from Geoffrey Babidge. She is also the current non-executive president of Tennis Australia.

The a2 Milk board of directors pointed to Hrdlicka’s “extensive experience in strategy formulation and execution, insight into customer-centricity and innovation”, and her “understanding of operating in a disruptive environment”, as key to the role.

By:

Source: Food & Drink Business

Link: http://www.foodanddrinkbusiness.com.au/news/a2-milk-doubles-synlait-stake-and-welcomes-new-chief

Any claim arising from the information contained on the eDairy News website will be submitted to the jurisdiction of the Ordinary Courts of the First Judicial District of the Province of Córdoba, Argentine Republic, with a seat in the City of Córdoba, to the exclusion of any another jurisdiction, including the Federal.

Deja un comentario

Tu dirección de correo electrónico no será publicada. Los campos obligatorios están marcados con *

Related news