What Would Synlait Be Worth to Fonterra or a2 Milk?
Speculation of a possible joint move by Fonterra and a2 Milk to buy Synlait raises a much bigger strategic question, says agribusiness expert Dr Nic Lees.
Synlait is working with its milk suppliers to ensure normal operations are resumed as soon as possible. The company is focused on trying to collect all milk off farms however it expects that a limited volume of milk may not be able to be collected as a result of the weather.
Synlait Milk lost power to its processing plant at Dunsandel at around 8.30pm last night before power was resumed at about 2am this morning.
No damage was suffered to the plant during the outage. The plant is expected to be fully operational by around 6pm today.
