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Abbott Secures Approval to Acquire Synlait’s North Island Assets for US$178M

8:33am on Friday 24th of October, 2025 AEDT Consumer Staples
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Abbott Secures Approval to Acquire Synlait’s North Island Assets for US$178M

8:33am on Friday 24th of October, 2025 AEDT
Key Points
  • OIO grants approval for Abbott’s acquisition of Synlait’s North Island assets
  • Assets include Pōkeno manufacturing plant and Auckland blending, canning, and warehouse sites
  • Transaction valued at US$178 million (NZ$307 million)
  • Completion targeted for 1 April 2026, subject to shareholder approval
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