Dairy drama: Synlait’s crucial survival vote

Shared Lunch

We chat with George Adams, the chairman of distressed milk company Synlait ahead of shareholders voting on a capital rescue package.

Adams is intent on saving this second tier player in the export dairy industry, and tells us why there are opportunities it can pursue that are different to those chased by Fonterra.

He’s pragmatic about the challenge of raising three and a half times Synlait's market capitalization, and the fact minority shareholders will have their holdings diluted by more than half, in favour of larger shareholders including a2 Milk.

And who knew adult milk products (not infant) and cream (the shelf-stable variety) are the way of the future?

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