Synlait shares first began trading on the ASX in November 2016. Paul Fitzsimons and Angela Veale, of Geraldine, opened the Temuka operation just over two years ago. Synlait Milk also acquired cheesemaker Talbot Forest last year, which included Talbot Forest's assets such as the property and plants. Locally owned, we strive to produce a top quality cheese every time. A move into the cheese market is complete for Canterbury milk company Synlait, with the purchase of Talbot Forest Cheese assets confirmed. Synlait completes Talbot Forest acquisition 7 Aug 2019. “This acquisition enhances our current portfolio, and will cement Synlait as a company with high-quality, flexible dairy manufacturing capabilities that can be tailored to meet customer needs,” says Mr Clement. BackSynlait completes Talbot Forest Cheese Acquisition 2/8/2019, 8:31 am TRANSACT. The acquisition of Dairyworks will provide Synlait with another meaningful move towards the delivery of our Everyday Dairy strategy and complements the company’s recent acquisition of cheese manufacturer Talbot Forest. Synlait CEO Leon Clement commented: “This is an exciting opportunity for Synlait. 30 years experience in the New Zealand Dairy/FMCG food industry including Management, Quality control and Technical services. Synlait chief executive Leon Clement says this is an exciting opportunity for Synlait. Synlait shares first began trading on the ASX in November 2016. “Dairyworks gives Synlait the opportunity to extract more value from our milk pool and we see strong synergies with our recent Talbot Forest acquisition. “The acquisition enables us to manufacture a variety of cheese … Beginning 1 August 2019, Synlait will assume complete ownership of Talbot Forest Cheese and take over its dairy processing operations For the current deal, Synlait is planning to make an investment ranging between N$30m ($20m) and N$40m ($26m). Ashburton, New Zealand—Synlait announced Wednesday that it has entered into a conditional agreement to acquire selected Talbot Forest Cheese assets.. Diversification is behind the conditional purchase of a cheese factory by Canterbury milk processor Synlait.. Synlait is to acquire selected Talbot Forest Cheese assets - … Synlait (NZX: SML; ASX: SM1) today announced it has completed the acquisition of selected Talbot Forest Cheese assets. We’ll now be closer to the consumer and own more of the value chain.” Dairyworks CEO Tim Carter said, “Dairyworks and Synlait are a logical fit. After adjusting for debt, working capital, and leakage, Synlait paid $63.6 million to … Sam Eames. Synlait Milk's Talbot Forest Cheese opted to act fast and implement a precautionary recall of more than two dozen products even though the presence of listeria had not been confirmed. New Zealand's Synlait Milk on Wednesday posted a 89 percent jump in full-year net profit, and said it planned to buy selected Talbot Forest Cheese assets. Synlait CEO Leon Clement said, “This is an exciting opportunity for Synlait. General Manager, Talbot Forest Cheese Synlait Milk Limited Jun 2019 - Present 2 years. While Synlait has no branded consumer products of its own, it recently bought Temuka-based Talbot Forest Cheese this year. Synlait also announced today that it has entered into a conditional agreement to acquire selected Talbot Forest Cheese assets. The company works with more than 200 milk suppliers to provide global access to quality dairy products. SYNLAIT COMPLETES TALBOT FOREST CHEESE ACQUISITION. • Talbot Forest Cheese production was 2,466 MT, strategy pivoted to focus on integration with Dairyworks • Synlait Pokeno increased overall infant capability by 50%. ... Synlait completes Talbot Forest Cheese acquisition; Synlait sets 2019/20 forecast milk price; Show more. Sam Eames Product Lead at Synlait Milk Limited Canterbury, New Zealand. We have a range of cheeses at Talbot Forest Cheese. Canterbury milk processor Synlait has taken over ownership of Talbot Forest Cheese. The acquisition includes the property, plant and equipment of the Temuka site, along with the consumer cheese brand (Talbot Forest Cheese). Follow us. Search for: Recent Posts. Our cheese manufacturing facility, Talbot Forest Cheese, is based in Temuka. Synlait uses cookies to ensure that you get the best possible experience on our website. Learn More Synlait completed the purchase of Dairyworks in April this year, paying $112million for the company. We also have locations in Auckland, Pokeno, Palmerston North, and a satellite office in Christchurch. 2020 was a difficult year for Synlait shareholders. It says the acquisition of Dairyworks will provide Synlait with another meaningful move towards the delivery of its ‘Everyday Dairy’ strategy and complements the company’s recent acquisition of cheese manufacturer Talbot Forest. Pic: Synlait Synlait has completed the acquisition of selected assets from fellow New Zealand company Talbot Forest Cheese. The acquisition includes the property, plant and equipment at the Temuka site, along with the consumer cheese brand (Talbot Forest Cheese). Current customer relationships will continue. Synlait has completed the acquisition of selected Talbot Forest Cheese assets. Cheese manufacturerEveryday DairyFoodserviceTalbot Forest Cheeese. Other expansion included the acquisition of Talbot Forest Cheese in South Canterbury, worth $35m to $40m. Synlait’s cheese manufacturing facility, Talbot Forest Cheese, is based in Temuka. Finally, once the mood normalises and Kiwi exporters come to grips with the new Chinese regulatory environment, the share price for Synlait could recover and maintain its upward trajectory. The company has a … Synlait uses cookies to ensure that you get the best possible experience on our website. Carolijn van der Stok. As a further expansion into Everyday Dairy, Synlait has entered into a conditional agreement to acquire selected Talbot Forest Cheese assets. Synlait chief executive Leon Clement says buying Dairyworks is an exciting opportunity. • The Talbot Forest Cheese acquisition was completed on August 1, 2019. Synlait Milk’s Talbot Forest Cheese opted to act fast and implement a precautionary recall of more than two dozen products even though the presence of listeria had not been confirmed. View Paul L.’s profile on LinkedIn, the world’s largest professional community. The deal included the property, plant and equipment of the Temuka site, along with the consumer cheese brand (Talbot Forest Cheese). Currently, Leon Matthew Clement occupies the position of Chief Executive Officer for Synlait Milk Ltd. Mr. Clement is also on the board of Fonterra Brands (Tip Top) Ltd. In August 2019, the Company also took control of its equipment from the Temuka site. Posted in News Tagged Cheese manufacturer, Everyday Dairy, Foodservice, Talbot Forest Cheeese Leave a Comment on SYNLAIT COMPLETES TALBOT FOREST CHEESE ACQUISITION. SYNLAIT MILK LIMITED : News, information and stories for SYNLAIT MILK LIMITED | New Zealand Stock Exchange: SML | New Zealand Stock Exchange SYNLAIT COMPLETES TALBOT FOREST CHEESE ACQUISITION. Paul has 6 jobs listed on their profile. Synlait said it has taken over management and operational control of Talbot Forest Cheese and Talbot Forest Cheese employees are now a part of Synlait. General Manager, Talbot Forest Cheese at Synlait Milk Limited Canterbury, New Zealand. We have six locations throughout New Zealand. The acquisition includes the property, plant and equipment of the Temuka site, along with the consumer cheese brand (Talbot Forest Cheese). The consumer cheese brand called Talbot Forest Cheese also went into Synlait’s kitty. But as word got out … Synlait's move into cheese market complete with purchase of Talbot Forest Cheese ... meaningful move towards the delivery of its 'Everyday Dairy' strategy and … The deal excludes Talbot Forest Cheese artisan factory in Geraldine. Synlait buys Canterbury's Dairyworks in $112 million deal 1 Record revenue boosts Synlait Milk profit 2 Synlait's move into cheese market complete with purchase of Talbot Forest Cheese 3 First Waikato dairy farmers sign to Synlait Dairyworks was acquired for a purchase price of $112 million on a debt-free basis. This includes property, plant and equipment at a new 12,000 metric ton Temuka site, the consumer cheese brand (Talbot Forest Cheese) and customer relationships. Synlait (NZX: SML; ASX: SM1) today announced it has completed the acquisition of selected Talbot Forest Cheese assets. Synlait is branching out into cheese production after almost doubling its net profit to … Synlait bought the Temuka-based company for $37.8 million in August last year. The couple will continue to make specialty artisan cheeses under another label at their factory in Geraldine and continue operating the Deli shop in Geraldine. Synlait CEO Leon Clement commented: “This is an exciting opportunity for Synlait. The Talbot Forest Cheese brand and the property, plant and equipment of the Temuka site have been purchased by Synlait. See the complete profile on LinkedIn and discover Paul’s connections and … Starting out small, we began making 10 tonnes of cheese a year at our Artisan Factory in Geraldine. Growing into this will have a positive incremental impact on gross profit and increase ROCE through improved asset utilisation rates, efficiency and overhead recovery rates Synlait’s cheese manufacturing facility, Talbot Forest Cheese, is based in Temuka. Products View more . The company also created 218 jobs in the financial year. Based in the beautiful town of Geraldine at the foothills of the Southern Alps, Talbot Forest Cheese was established at the turn of the millennium. Synlait completes Talbot Forest Cheese acquisition. Synlait acquired Talbot Forest Cheese in August this year. The Synlait Milk-owned Talbot Forest Cheese is already one of Temuka's largest employers, but with the introduction of 26 new permanent shift-based roles, its staff numbers are expected to pass 100. Posted on August 2, 2019 by Sarah-Jane Bashford. Synlait aims to diversify its revenue streams through the acquisition of selected assets of New Zealand firm Talbot Forest Cheese, as the dairy processor records a full-year profit rise of 89%. Talbot Forest Cheese has also been recently integrated with Dairyworks, formerly of Temuka and now of Christchurch, which has been operating as a stand-alone Synlait subsidiary. The acquisition includes the property, plant and equipment of the Temuka site, along with the consumer cheese brand (Talbot Forest Cheese). Fonterra 6 years 4 months Programme Manager, Less Footprint Fonterra Dec 2018 - Apr 2019 5 months. Our head office is in Dunsandel, Canterbury. Some Talbot Forest products are sold in supermarkets. Synlait said the acquisition of Dairyworks is part of the delivery of Synlait’s Everyday Dairy strategy and complements its recent acquisition of cheese manufacturer Talbot Forest. The … Talbot Forest Cheese has also been recently integrated with Dairyworks, formerly of Temuka and now of Christchurch, which has been operating as a stand-alone Synlait subsidiary. Following settlement on August 1, Synlait would manufacture a variety of cheese … The acquisition includes the property, plant and equipment of the Temuka site, along with the consumer cheese brand (Talbot Forest Cheese). In addition, Synlait’s diversification into the cheese industry with Talbot Forest Cheese also bodes well for future growth. At the end of 2018 Synlait entered into a conditional agreement to acquire selected Talbot Forest Cheese assets. Talbot Forest Cheese in South Canterbury is being bought by Synlait. This includes property, plant and equipment at a new 12,000 MT Temuka site, the consumer cheese brand (Talbot Forest Cheese) and customer relationships. Our cheese manufacturing facility, Talbot Forest Cheese, is based in Temuka. The acquisition, which is expected to be in the range of $35 – $40 million, will help us optimise our value chain and supports our growth strategy. The Temuka-based company, purchased by Synlait … Synlait has completed the acquisition of selected assets from fellow New Zealand company Talbot Forest Cheese. Synlait completed the purchase of Dairyworks in April this year, paying $112million for the company. The acquisition of Dairyworks will provide Synlait with another meaningful move towards the delivery of our Everyday Dairy strategy and complements the company’s recent acquisition of cheese manufacturer Talbot Forest. Carolijn van der Stok Senior Project Manager at Synlait Milk Limited New Zealand. Synlait Milk paid $38.3 million for Talbot Forest Cheese and recognised goodwill of $16.1 million on acquisition. Synlait had taken over the management and operational control of Talbot Forest Cheese and Talbot Forest Cheese employees. The company has a market cap of $949 million. 05-Aug-2019 By Jim Cornall . Talbot Forest Cheese says the recall of its products is precautionary, and there is no confirmed presence of listeria on its site. Capable of managing large teams in complex environments. Leon Clement, CEO of Synlait, said, “We’re pleased to finalize this sale process and welcome Talbot Forest Cheese employees into the Synlait family. In his past career Mr. Clement occupied the position of Managing Director at Fonterra Brands (New Zealand) Ltd.
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