date:Jul 12, 2013
FrieslandCampina has acquired a 7.5% interest in New Zealands Synlait Milk.
Synlait Milk plans to use the capital raised to finance, among other things, a new spray dryer and an on-site blending and consumer packaging plant. By acquiring this interest, FrieslandCampina said that it is supporting the company's growth ambitions.
In recent years, we have developed a close working relationship with Synlait Milk, a supplier of high-quality raw materials, said Roelof Joosten, chief operating office