Management has indicated the deal has significant synergy … 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). Lion Dairy produces a number of big name fresh milk brands including Pura, Dare, Farmers Union, Big M, Masters, and Dairy Farmers. Lion is one of the top five biggest dairy processors in Australia, with 550 dairy farmers supplying 1 billion litres milk every year to the company. More than 250 farms in Queensland, New South Wales, Victoria and South Australia belonging to DFMCs 350 members supply over 270 million litres of milk. 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. May We Suggest. Bega Cheese has raised approximately $284 million at a … Some of your favourite milk products, including Big M and Dare iced coffee, have been sold to a Chinese company for $600 million. Bega has sent a request for proposal to accounting firms in recent weeks to help it run financial due diligence on Lion Dairy & Drinks. Add to Cart . On Reserve A Time Slot. 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. Yoplait in Australia is part of the Kirin sale to Bega. Simply Lemonade, All Natural Non-Gmo. 52 oz. Lion Dairy & Drinks (Lion) is committed to building strong, genuine partnerships with its dairy farmers and to helping build a sustainable Australian dairy industry. Tel: +61 9320 2200 The Australian company, Lion Dairy, and its owner, Japanese beverage giant Kirin, both said in separate statements that … Japanese media reported the Lion Dairy and Drinks acquisition was done days ago, saying the price was more than 40 billion yen ($530 million), and … We have a number of different sites based across the globe, each has its speciality focus, be that Beer & Cider, Dairy (milk based beverages, speciality cheese), Juice, Wine or one of our corporate sites. Dairy Pride is a program designed for our farmers to assist them in becoming more sustainable now and in the future. Lion Pty Limited Level 7, 68 York Street Sydney, NSW 2000, Australia. DAIRY. A Fridge Full of Savings. Chinese dairy company buys Lion Dairy and Drinks portfolio for $600m. TOKYO — Japan’s Kirin Holdings Co has decided to sell its Australian dairy firm Lion-Dairy and Drinks Pty Ltd to Bega Cheese Ltd for more than 40 billion yen ($385 million), the Nikkei business daily reported on Saturday. Article content. That's Bega Cheese's message to drinks giant Kirin - and its pitch to get exclusive talks to buy the Japanese company's up for sale Australian white milk, milk-based beverages, yoghurt and juice business. Original price: $2.99 / ea or. at Food Lion 0010 - Salisbury. LDD procures approximately 825m liters of milk equivalent and 50m kilograms of fresh fruit from approximately 280 farmers and 85 fruit growers annually. Lion Dairy is Japanese-owned, Mengniu is Chinese-owned and Saputo is Canadian-owned. Saputo, the Canada-based dairy major, has confirmed it is mulling a move to buy another asset in Australia. MVP Price Save $0.69 with MVP Card . related to Kirin Holdings, Lion, Saputo, Dairy giant Saputo is reportedly out of the running to buy another asset in one of the Canada-based group's main overseas markets. Original price: More Info. The proposed sale was canceled on Tuesday. What can we help you find? May We Suggest. Lion has about 6 per cent of the fragmented Australian dairy market, said industry researcher IbisWorld, with household milk brands like Pura and Dairy Farmers. Lion Dairy & Drinks, owned by Japanese company Kirin, produces a number of big-name fresh milk brands, including Pura, Dare, Farmers Union, Big M, Masters, and Dairy Farmers. ASX-listed dairy company Bega Cheese will purchase Lion Dairy and Drinks from Japan's Kirin for $534 million. Bega Cheese will buy Lion Dairy & Drinks for $534 million and substantially bolster its product range and retail presence. 10 x 8 oz. Lion is a leading beverage and food company with a portfolio that includes many of Australasia’s favourite brands in beer, wine, spirits, dairy, juice & more. This will allow the company to push ahead with its plan to purchase Lion Dairy & Drinks for $534 million. Ultimately coming together to create Lion. Current price: $2.00 / ea ($0.31/fl oz) Save big with your MVP Card. Lion had already sold its specialty cheese business to Saputo Dairy Australia for A$280m (US$190m), a subsidiary of Canada’s Saputo Inc., which concluded on October 28. Lion Dairy and Drinks Claims Portal Click Here to Submit Sale or Return Claim Request Click Here to Submit Credit Claim Request For assistance please call LDD Claims on 1800 000 570 or email LDDClaims@lionco.com Emerging from a week-long trading halt, … Partnerships. Lion is committed to building strong, genuine partnerships with its dairy farmers and to helping build a sustainable industry. 6.5 fl oz. $2.00 / ea ($0.20/ea) Add to Cart . related to Bega Cheese, Kirin Holdings, Lion, Saputo, Dairy… Bega Cheese will pay $534 million for the national milk and dairy foods processing business of Japanese-owned Lion Dairy and Drinks, including … More Info Sustainable dairy farms underpin a broader sustainable Australian dairy industry and high quality products, happy farmers and healthy cows. “The acquisition delivers … The Lion acquisition will complement Bega’s existing offering with the addition of other well-known dairy brands such as Dare, Vitasoy, Yoplait, Dairy Farmers, and more. Japanese brewer Kirin Holdings has reportedly entered into a deal to sell its Lion Dairy & Drinks subsidiary in Australia to local company Bega Cheese. The Lion Dairy Pride program offers our dairy farmers a unique way to measure, evaluate and improve key areas of sustainability on their farm. Lion offers its dairy farmers contracts that provide competitive pricing and contract terms to suit each farmer’s needs. Lion also has Australia's largest cold chain distribution network, which supplies convenience stores. Saputo is in the top 10 of dairy processors in the world and is the top dairy processor in Australia. China Mengniu Dairy has walked away from its proposed $600 million acquisition of Lion Dairy & Drinks after Treasurer Josh Frydenberg said the deal would be 'contrary to the national interest'. ASX-listed dairy company Bega Cheese will purchase Lion Dairy and Drinks from Japan’s Kirin for $534 million. The $500 million-odd Lion Dairy and Drinks includes Australia's only national cold chain distribution network, which deliver its products, including milk-based drinks, yoghurts and juices. 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