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.


Source: Food & Drink Business

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

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