In November 2019, China Mengniu Dairy Company Limited announced the planned acquisition of Lion-Dairy & Drinks (LDD) Pty Ltd in Australia. Our focus is on the production, marketing, sales and distribution of beer, wine, spirits, cider and ready-to-drink products, as well as a range of non-alcohol beverages. Lion Dairy Drinks owns the only national cold supply chain, which it uses to move perishable dairy products around Australia. Bega Cheese has been tipped as the frontrunner to takeover Lion Drinks & Dairy. Bega Cheese Limited said it has entered into a binding share sale and purchase agreement to acquire all of the shares in Lion Dairy & Drinks from Japan’s Kirin Holdings for a net acquisition price of A$534m (US$393m). Some of your favourite brands — including Big M and Dare iced coffee — have a new home after a whopping $600 million takeover of one of Australia’s biggest dairy operations. The $600 million sale of Lion Dairy and Drinks to Mengniu Dairy was first announced last December.. It means there are new owners for brands including Dairy Farmers, Pura, Dare, Farmers Union, Big M, Vitasoy, as well as Yoplait yoghurt and Daily Juice. Lion buys entire ad breaks to promote iced coffee product. Lion Dairy & Drinks Portal. All times AEDT (GMT +11). It is expected to clear in the first half of 2020, China Mengniu Dairy said. The sale of the Lion Dairy and Drinks business to ASX-listed food and dairy company, Bega Cheese, has been well received by the company’s largest supplier group, Dairy … Order products and manage your account online. The purchase will be completed by the end of January 2021. Bega Cheese sources fresh milk from suppliers around southern New South Wales and throughout northern and south-west Victoria. A separate move by Bega to replace the Kraft logo with a Bega one on jars of peanut butter, macaroni cheese and similar products kicked off a second legal fight with New Zealand dairy giant Fonterra. 75,000 tonnes of … Nine Media reported Bega was provided with detailed financial information about Lion late last week and talks between the two companies continued through this week. The Company offers milk, juice, soy, beverages, and specialty cheese. The acquisition is subject to Australian Competition and Consumer Commission and Foreign Investment Review Board approvals. In November last year, Kirin had lined up a $600 million deal with China's Mengniu Dairy, however, the deal was blocked on national interest grounds by Treasurer Josh Frydenberg. Bega Cheese has agreed to acquire Australian Lion Dairy & Drinks from Kirin Holdings for AUD 560 million ($412 million), taking ownership of brands such as Dairy … Kirin-owned dairy and drinks giant, Lion, has announced a series of three minute long advertisements for its Dare Iced Coffee product, each of which will run for an entire advertisement break. Sale of Australian dairy business Lion Dairy to China fails after ... Kirin said the future of Lion Dairy and Drinks would be re ... Masters milk, Yoplait yoghurt and Dare iced coffee products. LD&D’s core business is the manufacture, marketing, sales and distribution of milk-based beverages (Dare, Farmers Union, Big M, Masters, Dairy Farmers), yogurt (Yoplait, Farmers Union, Dairy Farmers), chilled juices (Juice Brothers, Daily Juice), cream and custard (Pura, Dairy Farmers), and white milk (Pura, Dairy Farmers, Masters). Credit: AAP. (Alex Blucher)Expanded … Lion Dairy & Drinks is committed to working with all its dairy suppliers on mutually beneficial partnerships and programs.” There are around 280 dairy farms supplying the Lion Dairy & Drinks business across Australia – this includes direct Lion Dairy & Drinks suppliers and suppliers through the Dairy Farmers Milk Co-Operative (DFMC). Today, Bega Cheese, which was advised by Kidder Williams, said it hoped to raise $401 million by offering 87 million new shares to make the purchase. SEE LOCATIONS Some of your favourite milk products, including Big M and Dare iced coffee, have been sold to a Chinese company for $600 million. Bega Cheese will buy Lion Dairy & Drinks for $534 million and substantially bolster its product range and retail presence. 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Bega Cheese will expand its product mix to include fresh milk, flavoured milk and yoghurt with the acquisition of Lion Dairy and Drinks. Update on the sale of Lion Dairy & Drinks. Lion Dairy and Drinks is recalling Dairy Farmers full cream white milk products because of potential microbial contamination from E. coli. Big M is an Aussie classic, now owned by the Chinese.Source:News Limited. Bega Cheese has bought Lion Dairy and Drinks in a $534 million deal that will see it become the new owner of brands such as Farmers Union, Yoplait and Dairy … This service may include material from Agence France-Presse (AFP), APTN, Reuters, AAP, CNN and the BBC World Service which is copyright and cannot be reproduced. Attract more customers by adding more content such as opening hours, logo and more. Some of your favourite milk products, including Big M and Dare iced coffee, have been sold to a Chinese company for $600 million. The sale of Lion Dairy and Drinks is entering the home straight. The company has since spent $15.2 million in a legal battle with US-based Kraft, which is seeking to stop Bega from using the well-known jars and yellow lid synonymous with Kraft products. Bega Cheese will buy Lion Dairy & Drinks for $534 million and substantially bolster its product range and retail presence. Lion Dairy & Drinks operates 11 manufacturing sites across Australia and employs around 2300 people locally, with others based in Singapore, Malaysia and China. Contact information. Password. Username. Explore all our fresh dairy today. The new shares will be $4.60 and 180 million worth them will be offered to the market, while $220 million will be made available to existing shareholders. Bega Cheese has agreed to acquire Australian Lion Dairy & Drinks from Kirin Holdings for AUD 560 million ($412 million), taking ownership of brands such as Dairy Farmers and Pura. Find out more about our policy and your choices, including how to opt-out. Valued at about $1.1 billion, Bega brands include Vegemite, Bega Cheese products and Bega Peanut Butter. You'd have to think the Japanese drinks giant would be keen to wrap the process up quickly, given Lion Dairy and Drinks has been up for sale for the best part of two years. Lion Dairy & Drinks is one of four divisions: alongside XXXX maker Lion Beer Australia, Lion Beer, Spirits and Wine New Zealand, and Lion Global Markets. Existing shareholders who take up the offer to buy more shares will be able to purchase one additional share for every four and a half they currently own and will not be able to transfer them to another investor. news.com.au — Australia’s leading news site. 13 February 2020: Lion Dairy & Drinks is undertaking a recall of its Dairy Farmers 1L Full Cream white milk products with a Use by Date of 25/02/2020 and its Dairy Farmers 3L Full Cream white milk products with a Use by Date of 24/02/2020 which was made and sold in New South Wales due to potential microbial contamination (E. coli). Follow our live coverage for the latest news on the coronavirus pandemic. The net acquisition price is $534 after a $26 million deduction for IT separation costs. Attract more customers by adding more content such as opening hours, logo and more. A diverse selection of cheese, butter, milk, yogurt and many other dairy products make up the dairy department at your local Food Lion. Cows must be managed in a manner that prevents the introduction of hazards to the milk. Nationwide News Pty Limited Copyright © 2020. Saputo, the Canadian dairy giant, is no longer in the running after the three suitors tabled bids earlier this month to Lion Dairy & Drinks' owner Kirin Holdings, the newspaper reported. Lion is one of Australasia’s largest food and beverage companies, employing over 6,000 people across Australia and New Zealand. Lion Dairy and Drinks produces, markets and distributes products across Australia in the milk, dairy, beverages, cheese, yogurt, juice and soy categories. National Foods was created by the Adelaide Steamship Company in 1991 by amalgamating several dairy and food related businesses with brand names and histories dating back to the 19th century. China Mengniu Dairy Company Limited is buying Lion-Dairy and Drinks Pty Ltd (LDD) from Japan’s Kirin Holdings Company Limited. Bega on Thursday told the share market of its purchase, which includes milk, cream, juice and yoghurt products under brands such as Dairy Farmers, Pura and Yoplait. Every year we purchase around one billion litres of milk from over 550 Australian dairy farmers, and crush approx. Bega Cheese has agreed to acquire Lion Dairy & Drinks for AUD560 million ($412 million) from Australian food and beverage company Lion, which in turn is a subsidiary of Japanese beverage company Kirin Holdings.

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