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Lion is an alcoholic beverage company that operates in Australia and New Zealand, and a subsidiary of Japanese beverage giant Kirin.It produces and markets a range of beer and cider in Australia, and wine in New Zealand and the United States through Distinguished Vineyards & Wine Partners. … Lion Dairy & Drinks issued the recall of two of its Dairy Farmers milk products which were made and sold in the state. Bega Cheese has been tipped as the frontrunner to takeover Lion Drinks & Dairy. The purchase will be completed by the end of January 2021. ASX-listed dairy company Bega Cheese will purchase Lion Dairy and Drinks from Japan's Kirin for $534 million. Kirin reportedly restarted efforts to offload Lion Dairy & Drinks in September after a move to sell the business to China Mengniu Dairy Co. hit the buffers earlier this year. By 2025, in line with Australian government requirements, our packaging will be 100% recyclable and comprise 50% recycled content, with 0% going to landfill. Dairy Farmers celebrates our dairy farmer partners in its latest campaign, including the television commercial  that shows the journey of our Dairy Farmers products from farm to fridge. Kirin Holdings and Lion have today announced an agreement to sell the Dairy & Drinks business to Bega Cheese Limited (Bega) for A $560 million. Today, Kirin released a statement announcing the deal had been abandoned. "Lion notes that China Mengniu Dairy Company Limited has been awaiting the outcome of the Foreign Investment Review Board of its proposed purchase of Lion Dairy and Drinks," the statement reads. Stripping out … Last week the Australian Financial Review reported the Federal Government had decided to block the sale. Every year we purchase around one billion litres of milk from over 550 Australian dairy farmers, and crush approx. 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. Bega Cheese has announced it will acquire all shares in Lion Dairy & Drinks (LDD) for $560 million. Lion - owner of brands like XXXX, Toohey’s, Hahn, James Boag, Dairy Farmers Daily Juice and Yoplait - has been on a wide-ranging digital transformation over the past couple of years. Phone: 0437 306 437 Its iconic dairy brands include Famers Union, Feel Good Iced Coffee, Yoplait, Dairy … Kirin said the future of Lion Dairy and Drinks would be re-examined. 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. 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 … The deal to sell beverage producer Lion Dairy and Drinks to a Chinese company was abandoned after the plan failed to win the approval of the Foreign Investment Review Board. broader geopolitical tensions between Australia and China. The Australian Government very quickly declared dairy an essential service and so, throughout this time you kept milking, we kept manufacturing and our consumers kept enjoying our great tasting dairy products. In April last year Saputo acquired Lion Dairy & Drinks’ speciality cheese business for $280 million on a cash-free and debt-free basis. The sale is unconditional, including no further regulatory approvals required and is expected to be completed in early 2021. Here are a few updates of what we’ve been working on, and what’s in store over the next month: Elise Gare Kathy Karbatsas was appointed managing director of Lion Dairy & Drinks in December 2017, having joined the business in 2006. 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 & Drinks. Dairy Farmers is one of the key dairy brands in the Lion Dairy and Drinks portfolio. news, local-news, Lions, Cheese, dairy and drinks, saputo. 75,000 tonnes of fruit from orchards across the country. 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. Lion Dairy & Drinks, formerly known as National Foods, is a major dairy company that produces, markets and distributes some of Australia’s best-known brands in milk, dairy beverages, yoghurt, juice and soy. The Australian Competition and Consumer Commission approved the Lion sale in February, after considering the potential impact on competition. Iconic Aussie drinks such as Dare, Farmers Union Iced Coffee and Daily Juice will not be sold to China after a $600m deal was shot down. Bega has sent a request for proposal to accounting firms in recent weeks to help it run financial due diligence on Lion Dairy & Drinks. Now, Bega Cheese is the frontrunner to snap up the company in a mooted $500 million deal, according to The Australian. Lion Dairy and Drinks operates 11 Australian manufacturing facilites and has another two with joint-venture partners. "Lion notes that China Mengniu Dairy Company Limited has been awaiting the outcome of the Foreign Investment Review Board review of its proposed purchase of Lion Dairy & Drinks," the statement said. Earlier this year the Coalition introduced temporary new rules to protect financially troubled Australian companies from foreign takeovers. In a statement, Mr Frydenberg said he had been advised the two companies had "mutually agreed to not proceed with the sale process". BEGA Cheese has opened up its share offer to raise $117 million from existing retail shareholders to help pay for its acquisition of Lion Dairy and Drinks… Beijing has hit several Australian exporters with trade sanctions, while a number of federal MPs and senators have campaigned against the Lion deal, warning that it could undermine local milk supplies. China's Foreign Ministry spokesman Zhao Lijian did not comment directly to the decision, but said "we hope Australia will provide fair and unbiased business environment for Chinese companies operating there". Australian farmers, Chinese consumers and the tensions in between, Poisoned chalice: Why China's scrutiny of Australian wine is bad news, Too cool for Yule or old-school scorcher? The net acquisition price is $534 after a $26 million deduction for IT separation costs. 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.. Japanese-owned beverage giant Kirin announced the sale of Lion Dairy and Drinks to Mengniu Dairy last November, pending approvals. Bega Cheese has confirmed it will buy Lion Dairy & Drinks for $534 million, substantially boosting its product range and retail presence. China Mengniu Dairy has called off its plan to buy an Australian drinks business for $430 million after the government in Australia said it would likely oppose the deal. The Australian Competition & Consumer Commission (ACCC) today (20 October) invited interested parties to submit their views, disclosing Saputo "proposes to acquire" Lion Dairy & Drinks from Japan's Kirin Holdings. The business produces well-known brands including Pura milk, Vitasoy, Farmer’s Union, Daily Juice Company, Masters milk, Yoplait yoghurt and Dare iced coffee products. Lion Dairy & Drinks operates 11 manufacturing sites across Australia and employs around 2300 people locally, with others based in Singapore, Malaysia and China. Company profile page for Lion-Dairy & Drinks Pty Ltd including stock price, company news, press releases, executives, board members, and contact information An easy and convenient way to place your orders online Sign in. Lion Dairy & Drinks 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. COVID-19 has impacted the way people shop and we’ve seen consumers reaching for brands they know and trust, like Yoplait, and we’re giving them another reason to reach for the popular product with $10, $20, $100 or $1000 in instant prizes to be won, simply by purchasing a participating Yoplait product. Bega Cheese to buy Lion Dairy & Drinks - report Simon Harvey | 23 November 2020 To read this article and more, including our archive of drinks industry news, analysis & comment pieces from the last 20 years, try just-drinks for 30 days for just $1 Lion Dairy & Drinks (LD&D Milk Pty Ltd and LD&D Foods Pty Ltd), is a subsidiary of Australian diversified food company Bega Cheese.. LD&D's factories (which carry the "Pura" branding) are located in: Chelsea Heights, Melbourne; Salisbury, Adelaide; Bentley, Perth; These sites are also printed on the back of all fresh milk bottles in Victoria, South Australia and Western Australia respectively. But the Treasurer did not provide any further information expanding on his concerns or explaining how the deal would damage Australia's interests. COVID-19 has changed how we live, work, shop and it has had a huge impact on our customers and consumers across the country. Mr Frydenberg has been contacted for comment. Shake To Win is an on-pack consumer promotion, where we are giving away up to $1 Million in Prizes with prizes of up to $1000 to be won instantly. Last November, Chinese dairy company Mengniu Dairy signed an agreement with Kirin Holdings and Lion to acquire the Lion Dairy & Drinks business in Australia for A$600m ($407m). The net acquisition price is $534 after a $26 million deduction for IT separation costs. The development comes amid increasing trade tensions between China and Australia. Lion D&D and Saputo both operate dairy processing plants and purchase raw milk from dairy farmers and milk brokers. There are concerns that consuming these products may cause illness. Email: elise.gare@lionco.com, Robyn Riley Lion Dairy & Drinks Brand Updates COVID-19 has changed how we live, work, shop and it has had a huge impact on our customers and consumers across the country. Bega Cheese is in the box seat to buy Lion's Dairy and Drinks business, which includes labels like Pura Milk, for about $550 million. But the deal quickly became ensnared in the broader geopolitical tensions between Australia and China. The Australian Government very quickly declared dairy an essential service and so, throughout this time you kept milking, we kept manufacturing and our consumers kept enjoying our great tasting dairy products. Kirin said the future of Lion Dairy and Drinks would be re-examined. Password. The news … ASX-listed dairy company Bega Cheese will purchase Lion Dairy and Drinks from Japan's Kirin for $534 million. Subscribe to Lion Dairy & Drinks. Lion Dairy & Drinks We produce, market and distribute some of Australia’s most iconic brands in milk, dairy beverages, yoghurt, juice and soy. Lion’s alcohol businesses in Australia and New Zealand, and its Global Markets business unit, are not affected by the Dairy & Drinks sale process. South coast blue chip company Bega Cheese has acquired the Lion Dairy and Drinks business for $560 million, adding a string of new brands to … Update on the sale of Lion Dairy & Drinks. Greenhill & Co Australia have acted as independent financial adviser to Lion. The purchase will be completed by the end of January 2021. This pricing is applicable from 1 July 2020 to 31 August 2021. A $600 million deal to sell the maker of Pura milk, Dare iced coffee and Yoplait yoghurt to a Chinese company has been terminated, after Treasurer Josh Frydenberg decided the sale was "contrary to the national interest". Emerging from a week-long trading halt, … Lion Dairy & Drinks They also supply dairy products to retailers. Today, it released a statement abandoning the deal, over claims approval by the Federal Government was not forthcoming. We also have a $1 million promotion across a number of categories including our flavoured milk category starting next week. Australian food manufacturer Bega Cheese is reportedly the front-runner to buy local peer Lion Dairy & Drinks. External Relations Director Lion owns several iconic brands including Dairy Farmers, Masters and Pura milk. Bega Cheese has announced Thursday morning that it has acquired the Lion Dairy and Drinks business for a headline number of $560 million. Part of the sale are all the white milk, milk-based beverages (MBB), yoghurt, juice and water ice brands and assets of Lion Dairy & Drinks. The Federal Government is still working on a broader overhaul of foreign investment laws which will require the Treasurer to sign off on foreign investments which have national security implications. Email: robyn.riley@lionco.com. Japanese-owned beverage giant Kirin announced the sale of Lion Dairy and Drinks to Mengniu Dairy last November. Lion has announced it intends to commence a sale process for Lion Dairy and Drinks. Lion Dairy and Drinks will be back in Australian hands after Bega Cheese announced a more than $500 million deal to buy the company from Japan's Kirin. Lion Dairy & Drinks Portal. Bega Cheese has announced Thursday morning that it has acquired the Lion Dairy and Drinks business for a headline number of $560 million. Mengniu Dairy chief executive Jeffrey Minfang Lu said the acquisition would benefit both Lion Dairy & Drinks and Mengniu Dairy as well as providing opportunities for Australian dairy farmers and fruit growers, by opening up a significant channel to China. Food Safety News. A Chinese dairy heavyweight was previously in the hot seat for a $1.5 billion takeover bid, but that was shut down by the federal government in August. Its brands include Dairy Farmers and Pura milk, Masters, Big M flavored milk and plant-based milk Vitasoy. Lion Dairy and Drinks will be back in Australian hands after Bega Cheese announced a more than $500 million deal to buy the company from Japan's Kirin. On Friday 26 April 2019 Lion CEO Stuart Irvine provided an update on the sale of Lion Dairy & Drinks (LDD), including confirmation that Kirin and Lion have reached an agreement to sell the Lion Specialty Cheese Business to Saputo Dairy Australia (Saputo) on a standalone basis. Under the agreement, Kirin would have offloaded Lion Dairy — an Australian milk and juice business that is home to well-known brands such as … 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 Farmers Milk … Username. 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. By Stuart Marsh • Senior Producer 1:34pm Nov 26, 2020 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 Farmers milk. News Kirin eyes alcohol focus in Oceania as Lion Dairy & Drinks sale agreed Andy Morton | 26 November 2020 To read this article and more, including our archive of drinks industry news, analysis & comment pieces from the last 20 years, try just-drinks for 30 days for just $1 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. BEGA Cheese has been placed in trading halt today with speculation mounting it was set to buy Lion Dairy and Drinks. Bega’s $534 million deal to buy the Lion Dairy and Drinks business includes $25.9 million in mainly IT separation costs, which Bega says Lion will pay, but is a moot point. Bega has sent a request for proposal to accounting firms in recent weeks to help it run financial due diligence on Lion Dairy & Drinks. Lion Dairy and Drinks produces, markets and distributes products across Australia in the milk, dairy, beverages, cheese, yogurt, juice and soy categories. Big … China’s Mengniu Dairy Co. and Lion Dairy & Drinks, a large dairy company in Australia owned by Japan's Kirin Holdings, have mutually agreed to cease a $434 million sale after it became clear that the transaction would likely be denied by the Australian government. Phone: 0419 255 118 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'. Stripping out … We’ve already started making these changes, which form part of Our Sustainability Promise, in other states including Western Australia and South Australia, as bottles are a more sustainable solution that can be recycled locally right across Australia. 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