December 20, 2017 / 12:32 AM / 10 months ago

New Zealand's Synlait Milk to supply Foodstuffs South Island

Dec 20 (Reuters) - Synlait Milk said on Wednesday it had partnered with wholesaler and retailer Foodstuffs South Island Ltd to exclusively supply its private-label fresh milk and cream from early 2019, as the company looks to expands its current portfolio of products.

The dairy producer said it intended to invest about NZ$125 million ($87 million) in a liquid dairy packaging facility to supply Foodstuffs South Island.

Shares in Synlait were trading 4.6 percent higher at NZ$6.99 at 0027 GMT.

$1 = 1.4345 New Zealand dollars Reporting by Aaron Saldanha in Bengaluru; Editing by Stephen Coates

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