Takeover bid?
OPINION: Canterbury milk processor Synlait is showing no sign of bouncing back from its financial doldrums.
Organic Dairy isn’t the first organic dairy co-op to collapse. An initially-promising organic outfit, started by Taranaki farmers many years ago, also went under.
With little in the way of assets – as Organic Dairy’s milk processing was done by third parties – it too could be liquidated and deregistered very soon.
And what of Organic Dairy suppliers? They have reportedly switched to supplying Fonterra.
