Synlait Milk Limited - Company Profile
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Synlait Milk Limited (Synlait), a subsidiary of Bright Dairy & Food Co Ltd, is engaged in processing and producing milk products. The company offers infant and adult nutritional formulations, functional food ingredients, and specialized products. Its product portfolio includes whole milk powders, skim milk powders and anhydrous milk fats for infants, kids, children and adults. Synlait performs operations through its subsidiaries Synlait Milk Finance Limited, The New Zealand Dairy Company Limited, Eighty Nine Richard Pearse Drive Limited, Synlait Business Consulting (Shanghai) Limited, Synlait Milk (Holdings) No.1 Limited and Synlait Milk (Dunsandel Farms) Limited. The company markets its product across New Zealand and Australia. Synlait is headquartered in Ashburton, Canterbury, New Zealand.
Headquarters
New Zealand
Address
1028 Heslerton Road, Rakaia 7783, Private Bag 806, Ashburton, Canterbury, 7740
Website
www.synlait.com
Telephone
64 3 3733000
No of Employees
800
Industry
Consumer Packaged Goods
Ticker Symbol & Exchange
SML (NZE)
Revenue (2022)
$837.5M
-5.5%
(2022 vs 2021)
EPS
XYZ
Net Income (2022)
XYZ
-111.1%
(2022 vs 2021)
Market Cap*
$61.8M
Net Profit Margin (2022)
XYZ
-111.6%
(2022 vs 2021)
* As of and is in US$
Synlait Milk Limited premium industry data and analytics
Products and Services
| Products |
|---|
| Infant and Adult Nutrition: |
| Infant Formula, Paediatric and Adult Nutrition Products |
| Advanced Ingredients: |
| XYZ |
| XYZ |
| XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2023 | Plans/Strategy | In June, the company announced its plans to sell Dairyworks and Talbot Forest Cheese. |
| 2021 | New Products/Services | In October, Synlait Milk Limited launched its first consumer foods product under its own brand Synlait Swappa Bottle. |
| 2020 | Divestiture | In October, the company sold its Deep South ice cream brand and operations to New Zealand-based food company, Talley’s Group. |
Competitor Comparison
| Key Parameters | Synlait Milk Limited | Fonterra Co-operative Group Ltd | The a2 Milk Company Ltd | Happy Valley Nutrition Ltd | Miraka Limited |
|---|---|---|---|---|---|
| Headquarters | New Zealand | New Zealand | New Zealand | New Zealand | New Zealand |
| City | Ashburton | Auckland | Auckland | Auckland | Taupo |
| State/Province | Canterbury | - | - | Auckland | - |
| No. of Employees | 800 | 19,000 | 465 | - | - |
| Entity Type | Public | Public | Public | Private | Private |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Grant Watson | Chief Executive Officer; Director | Executive Board | 2022 | - |
| Paul Mallard | Chief Operating Officer | Senior Management | 2023 | - |
| Robert Stowell | Chief Commercial Officer | Senior Management | 2024 | - |
| Paul McGilvary | Chairman | Non Executive Board | 2022 | - |
| Naiche Nogueira | Chief Commercial Officer | Senior Management | 2024 | - |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
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