Dairyworks Under Synlait: A Journey of Transformation and Growth

Dairyworks, a prominent entity in the dairy industry, has been under the ownership of Synlait since its acquisition in 2020 for $112 million. The company has undergone significant transformation and expansion, both in terms of product diversification and global market reach.

Financial Performance

Under Synlait's stewardship, Dairyworks has seen a remarkable 30-fold increase in profit over four years, culminating in a profit of $10.3 million. Revenue has also surged from $229 million in 2021 to an impressive $324.2 million by 2025, underscoring the company's robust financial health and growth trajectory.

Global Expansion

Dairyworks has successfully expanded its footprint globally, with a particular focus on the Southeast Asian market. This expansion is part of Synlait's strategic plan to diversify and grow its market presence across different regions.

Strategic Decisions and Future Plans

In 2023, despite an attempted sale, Synlait decided to retain Dairyworks, emphasizing a strategy centered around capital raising and shareholder loans. This decision reflects a commitment to long-term growth and value creation.

Modified: 2025/11/28

---