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      Home > News > Business

    Synlait's confirmed the sale of its loss-making factory at Pokeno to US company, Abbott

    Synlait's confirmed the sale of its loss-making factory at Pokeno to US company, Abbott

    29 September 2025

    Fonterra
    Fonterra
    The infant-formula company is selling the site and related assets for 307-million dollars, and will use the proceeds to pay down debt.

    Synlait says the sale is a "defining moment", which comes as the company reports an annual loss of almost 40-million dollars.

    Meanwhile, Fonterra's confirmed farmer-shareholders will vote on the proposed sale of its consumer business on October 30.

    The Fonterra Co-Operative Council is now formally backing the sale.

    © 2025 Newstalk ZB, NZCity


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