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The Dublin-based group, owned by Bain Capital, said the disposal was part of efforts to focus on “sweet treats”.
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In a stock-exchange filing, Synlait’s acting CEO said the company’s annual numbers “will be a long way from where we want them to be”.
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The New Zealand-listed business has returned to the black after two years in the red.
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According to the Food and Drug Administration (FDA), new cases have been identified in Georgia, Tennessee and Texas.
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Peter Hall succeeds Liam McClennon, who retired after 11 years as CEO of the company.
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Ahead of the planned deal to combine the bulk of Unilever’s food business with McCormick, the UK group’s mustard brand is going on the block.
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The dairy giant’s CEO said prices for protein ingredients “have really taken off” as demand rises.
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Why are dairy processors in the US willing to bet billions of dollars on new capacity right now?
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