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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
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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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