View Paul L.’s profile on LinkedIn, the world’s largest professional community. Posted on August 2, 2019 by Sarah-Jane Bashford. Starting out small, we began making 10 tonnes of cheese a year at our Artisan Factory in Geraldine. Finally, once the mood normalises and Kiwi exporters come to grips with the new Chinese regulatory environment, the share price for Synlait could recover and maintain its upward trajectory. Carolijn van der Stok. Capable of managing large teams in complex environments. Synlait completed the purchase of Dairyworks in April this year, paying $112million for the company. The company works with more than 200 milk suppliers to provide global access to quality dairy products. • The Talbot Forest Cheese acquisition was completed on August 1, 2019. Synlait is branching out into cheese production after almost doubling its net profit to … In August 2019, the Company also took control of its equipment from the Temuka site. BackSynlait completes Talbot Forest Cheese Acquisition 2/8/2019, 8:31 am TRANSACT. Synlait completes Talbot Forest acquisition 7 Aug 2019. Synlait said the acquisition of Dairyworks is part of the delivery of Synlait’s Everyday Dairy strategy and complements its recent acquisition of cheese manufacturer Talbot Forest. Diversification is behind the conditional purchase of a cheese factory by Canterbury milk processor Synlait.. Synlait is to acquire selected Talbot Forest Cheese assets - … Our cheese manufacturing facility, Talbot Forest Cheese, is based in Temuka. In addition, Synlait’s diversification into the cheese industry with Talbot Forest Cheese also bodes well for future growth. Synlait Milk paid $38.3 million for Talbot Forest Cheese and recognised goodwill of $16.1 million on acquisition. New Zealand's Synlait Milk on Wednesday posted a 89 percent jump in full-year net profit, and said it planned to buy selected Talbot Forest Cheese assets. The deal excludes Talbot Forest Cheese artisan factory in Geraldine. Synlait’s cheese manufacturing facility, Talbot Forest Cheese, is based in Temuka. Sam Eames. Talbot Forest Cheese has also been recently integrated with Dairyworks, formerly of Temuka and now of Christchurch, which has been operating as a stand-alone Synlait subsidiary. Leon Clement, CEO of Synlait, said, “We’re pleased to finalize this sale process and welcome Talbot Forest Cheese employees into the Synlait family. This includes property, plant and equipment at a new 12,000 metric ton Temuka site, the consumer cheese brand (Talbot Forest Cheese) and customer relationships. Growing into this will have a positive incremental impact on gross profit and increase ROCE through improved asset utilisation rates, efficiency and overhead recovery rates Paul Fitzsimons and Angela Veale, of Geraldine, opened the Temuka operation just over two years ago. Cheese manufacturerEveryday DairyFoodserviceTalbot Forest Cheeese. Synlait buys Canterbury's Dairyworks in $112 million deal 1 Record revenue boosts Synlait Milk profit 2 Synlait's move into cheese market complete with purchase of Talbot Forest Cheese 3 First Waikato dairy farmers sign to Synlait We have six locations throughout New Zealand. Talbot Forest Cheese has also been recently integrated with Dairyworks, formerly of Temuka and now of Christchurch, which has been operating as a stand-alone Synlait subsidiary. Synlait's move into cheese market complete with purchase of Talbot Forest Cheese ... meaningful move towards the delivery of its 'Everyday Dairy' strategy and … Synlait Milk's Talbot Forest Cheese opted to act fast and implement a precautionary recall of more than two dozen products even though the presence of listeria had not been confirmed. Paul has 6 jobs listed on their profile. Fonterra 6 years 4 months Programme Manager, Less Footprint Fonterra Dec 2018 - Apr 2019 5 months. Synlait said it has taken over management and operational control of Talbot Forest Cheese and Talbot Forest Cheese employees are now a part of Synlait. The company also created 218 jobs in the financial year. The consumer cheese brand called Talbot Forest Cheese also went into Synlait’s kitty. ... Synlait completes Talbot Forest Cheese acquisition; Synlait sets 2019/20 forecast milk price; Show more. Synlait had taken over the management and operational control of Talbot Forest Cheese and Talbot Forest Cheese employees. Synlait also announced today that it has entered into a conditional agreement to acquire selected Talbot Forest Cheese assets. Synlait’s cheese manufacturing facility, Talbot Forest Cheese, is based in Temuka. The acquisition includes the property, plant and equipment of the Temuka site, along with the consumer cheese brand (Talbot Forest Cheese). Posted in News Tagged Cheese manufacturer, Everyday Dairy, Foodservice, Talbot Forest Cheeese Leave a Comment on SYNLAIT COMPLETES TALBOT FOREST CHEESE ACQUISITION. Other expansion included the acquisition of Talbot Forest Cheese in South Canterbury, worth $35m to $40m. Synlait shares first began trading on the ASX in November 2016. Some Talbot Forest products are sold in supermarkets. The acquisition includes the property, plant and equipment of the Temuka site, along with the consumer cheese brand (Talbot Forest Cheese). Currently, Leon Matthew Clement occupies the position of Chief Executive Officer for Synlait Milk Ltd. Mr. Clement is also on the board of Fonterra Brands (Tip Top) Ltd. General Manager, Talbot Forest Cheese Synlait Milk Limited Jun 2019 - Present 2 years. At the end of 2018 Synlait entered into a conditional agreement to acquire selected Talbot Forest Cheese assets. We have a range of cheeses at Talbot Forest Cheese. Following settlement on August 1, Synlait would manufacture a variety of cheese … “The acquisition enables us to manufacture a variety of cheese … Canterbury milk processor Synlait has taken over ownership of Talbot Forest Cheese. In his past career Mr. Clement occupied the position of Managing Director at Fonterra Brands (New Zealand) Ltd. Synlait has completed the acquisition of selected assets from fellow New Zealand company Talbot Forest Cheese. Search for: Recent Posts. Synlait chief executive Leon Clement says buying Dairyworks is an exciting opportunity. Ashburton, New Zealand—Synlait announced Wednesday that it has entered into a conditional agreement to acquire selected Talbot Forest Cheese assets.. Synlait CEO Leon Clement commented: “This is an exciting opportunity for Synlait. Talbot Forest Cheese says the recall of its products is precautionary, and there is no confirmed presence of listeria on its site. A move into the cheese market is complete for Canterbury milk company Synlait, with the purchase of Talbot Forest Cheese assets confirmed. The company has a market cap of $949 million. The Temuka-based company, purchased by Synlait … The Talbot Forest Cheese brand and the property, plant and equipment of the Temuka site have been purchased by Synlait. SYNLAIT MILK LIMITED : News, information and stories for SYNLAIT MILK LIMITED | New Zealand Stock Exchange: SML | New Zealand Stock Exchange The company has a … Synlait completes Talbot Forest Cheese acquisition. We also have locations in Auckland, Pokeno, Palmerston North, and a satellite office in Christchurch. General Manager, Talbot Forest Cheese at Synlait Milk Limited Canterbury, New Zealand. Our head office is in Dunsandel, Canterbury. Synlait CEO Leon Clement said, “This is an exciting opportunity for Synlait. Locally owned, we strive to produce a top quality cheese every time. The Synlait Milk-owned Talbot Forest Cheese is already one of Temuka's largest employers, but with the introduction of 26 new permanent shift-based roles, its staff numbers are expected to pass 100. The acquisition includes the property, plant and equipment of the Temuka site, along with the consumer cheese brand (Talbot Forest Cheese). Our cheese manufacturing facility, Talbot Forest Cheese, is based in Temuka. Synlait uses cookies to ensure that you get the best possible experience on our website. Learn More 05-Aug-2019 By Jim Cornall . Sam Eames Product Lead at Synlait Milk Limited Canterbury, New Zealand. But as word got out … Synlait Milk’s Talbot Forest Cheese opted to act fast and implement a precautionary recall of more than two dozen products even though the presence of listeria had not been confirmed. Synlait aims to diversify its revenue streams through the acquisition of selected assets of New Zealand firm Talbot Forest Cheese, as the dairy processor records a full-year profit rise of 89%. Synlait acquired Talbot Forest Cheese in August this year. The … 30 years experience in the New Zealand Dairy/FMCG food industry including Management, Quality control and Technical services. “Dairyworks gives Synlait the opportunity to extract more value from our milk pool and we see strong synergies with our recent Talbot Forest acquisition. Synlait bought the Temuka-based company for $37.8 million in August last year. “This acquisition enhances our current portfolio, and will cement Synlait as a company with high-quality, flexible dairy manufacturing capabilities that can be tailored to meet customer needs,” says Mr Clement. 2020 was a difficult year for Synlait shareholders. Synlait uses cookies to ensure that you get the best possible experience on our website. Pic: Synlait Synlait has completed the acquisition of selected assets from fellow New Zealand company Talbot Forest Cheese. The acquisition includes the property, plant and equipment at the Temuka site, along with the consumer cheese brand (Talbot Forest Cheese). Current customer relationships will continue. The acquisition, which is expected to be in the range of $35 – $40 million, will help us optimise our value chain and supports our growth strategy. • Talbot Forest Cheese production was 2,466 MT, strategy pivoted to focus on integration with Dairyworks • Synlait Pokeno increased overall infant capability by 50%. Products View more . Synlait (NZX: SML; ASX: SM1) today announced it has completed the acquisition of selected Talbot Forest Cheese assets. It says the acquisition of Dairyworks will provide Synlait with another meaningful move towards the delivery of its ‘Everyday Dairy’ strategy and complements the company’s recent acquisition of cheese manufacturer Talbot Forest. The acquisition includes the property, plant and equipment of the Temuka site, along with the consumer cheese brand (Talbot Forest Cheese). The acquisition of Dairyworks will provide Synlait with another meaningful move towards the delivery of our Everyday Dairy strategy and complements the company’s recent acquisition of cheese manufacturer Talbot Forest. Synlait CEO Leon Clement commented: “This is an exciting opportunity for Synlait. Carolijn van der Stok Senior Project Manager at Synlait Milk Limited New Zealand. SYNLAIT COMPLETES TALBOT FOREST CHEESE ACQUISITION. The acquisition of Dairyworks will provide Synlait with another meaningful move towards the delivery of our Everyday Dairy strategy and complements the company’s recent acquisition of cheese manufacturer Talbot Forest. See the complete profile on LinkedIn and discover Paul’s connections and … As a further expansion into Everyday Dairy, Synlait has entered into a conditional agreement to acquire selected Talbot Forest Cheese assets. Synlait completed the purchase of Dairyworks in April this year, paying $112million for the company. We’ll now be closer to the consumer and own more of the value chain.” Dairyworks CEO Tim Carter said, “Dairyworks and Synlait are a logical fit. Follow us. After adjusting for debt, working capital, and leakage, Synlait paid $63.6 million to … Synlait chief executive Leon Clement says this is an exciting opportunity for Synlait. The deal included the property, plant and equipment of the Temuka site, along with the consumer cheese brand (Talbot Forest Cheese). While Synlait has no branded consumer products of its own, it recently bought Temuka-based Talbot Forest Cheese this year. Synlait (NZX: SML; ASX: SM1) today announced it has completed the acquisition of selected Talbot Forest Cheese assets. Dairyworks was acquired for a purchase price of $112 million on a debt-free basis. Synlait has completed the acquisition of selected Talbot Forest Cheese assets. Beginning 1 August 2019, Synlait will assume complete ownership of Talbot Forest Cheese and take over its dairy processing operations For the current deal, Synlait is planning to make an investment ranging between N$30m ($20m) and N$40m ($26m). Synlait Milk also acquired cheesemaker Talbot Forest last year, which included Talbot Forest's assets such as the property and plants. This includes property, plant and equipment at a new 12,000 MT Temuka site, the consumer cheese brand (Talbot Forest Cheese) and customer relationships. SYNLAIT COMPLETES TALBOT FOREST CHEESE ACQUISITION. Talbot Forest Cheese in South Canterbury is being bought by Synlait. 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