Synlait Milk Addresses Speculation on North Island Operations Amid Strategic Review

In April, Synlait initiated a comprehensive review of its North Island assets, which includes its manufacturing facility in Pokeno and its blending and canning facility in Auckland. This strategic review, which is now approaching its final stages, is focused on evaluating the continued collection and processing of milk in the North Island.

Synlait expects to provide a detailed update on the outcomes of this review before the release of its full-year results at the end of September. The company reiterated that no final decisions have been made and emphasized its commitment to keeping the market informed in line with its continuous disclosure obligations.

The company stated that it will not respond to further media speculation regarding the review and will only provide updates as required. This statement aims to reassure stakeholders that Synlait is carefully considering its options as it navigates the complexities of its North Island operations.