Two Major NZ Dairy Deals Completed
Two major acquisitions in the New Zealand dairy sector were completed this week.
Casey Blatch, group financial controller for Canterbury milk processor Synlait Milk is the Young Financial Manager of the Year.
He received the award at the 2017 CFO Awards in Auckland on March 15.
John Penno, Synlait’s managing director congratulated Blatch.
“We’re very proud he has been recognised by his senior peers as a leading young financial manager in the business community,” says Penno.
Since joining Synlait in 2014, Blatch has been involved in a number of initiatives to support the company’s growth. These include the development of a unique financing facility (secured by working capital), improving the efficiency of financial processes and overseeing a new foreign exchange hedging policy.
“Casey also played a key role in the process to dual list Synlait on the NZX and ASX. This was at the same time as a rights issue in October 2016, which was fully subscribed and raised $97.6 million of new equity,” adds Penno.
Blatch says he has had some great opportunities present themselves.
“I know that having strong mentors and an incredible team by my side have allowed me to tackle them head on,” says Blatch.
“For that I’m very grateful and I want to thank everyone who has helped me develop and grow so far.”
Synlait was also a finalist for the Financial Innovation Project of the Year award. The annual CFO Awards celebrate excellence in financial leadership in New Zealand.
Dairy Women's Network (DWN) has announced a new limited edition DWN Monopoly NZ Dairy Farming Edition, created to celebrate the people, places and seasons.
Rural Women New Zealand (RWNZ) and Federated Farmers say they welcome the announcement last week that the Government will increase the conveyance allowance by 30%.
New Zealand and India have signed a Free Trade Agreement (FTA) described as a once-in-a-generation deal.
What’s been a "rubbish" summer for campers and beachgoers has duck hunters in the lower North Island rubbing their hands together in anticipation of a bumper waterfowl season, which starts this weekend (May 2/3).
New research suggests sheep and beef farmers could improve both profitability and emissions efficiency by increasing lamb weaning weights, with only marginal changes in total greenhouse gas emissions.
Southland farmers are being encouraged to get ahead of the winter grazing season by attending a practical field day in Pukerau next week.