Cheese firm Bega has entered into an agreement to acquire Australian company Lion Dairy & Drinks for AUD 560 million (USD 412 million). The news follows the announcement that the previously-announced sale of the business unit to Mengniu would not proceed. Lion Dairy & Drinks’ core business is the manufacture, marketing, sales, and distribution of milk based beverages, yoghurt, chilled juices, cream and custards, and milk. It is also described …
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Saputo, a Canadian dairy company, has announced that it has entered into an agreement to acquire the specialty cheese business of Lion Australia for A$280 million ($197 million). The deal is said to include all of Lion Australia’s specialty cheese brands, including King Island Dairy, Tasmanian Heritage, South Cape, Mersey Valley, Heidi Farm and Australian Gold, as well as cheese manufacturing assets at Burnie (The Heritage) and King Island (King …
Lion, the Australian food and drinks firm owned by Kirin, has continued its recent spate of acquisitions with the purchase of UK craft beer maker Magic Rock Brewing. Founded in 2011 in Huddersfield, Yorkshire, Magic Rock Brewing produces a range of beers describd as being “inspired by local brewing traditions and the vibrant US craft beer scene”. The firm’s volumes are said to have tripled since it moved to a …
Australian beverage and dairy company Lion is making its first major foray into the spirits sector with the acquisition of a 50% stake in Four Pillars Gin. Founded in Healesville in 2013, Four Pillars Gin is a craft distiller offering gins such as Rare Dry, Spiced Negroni, Navy Strength and Bloody Shiraz. It currently has distribution in 25 markets worldwide including UK, Nordics, Singapore, New Zealand or USA. Lion added …
Lion, the Australian drinks and dairy firm, has announced the acquisition of UK craft beermaker Fourpure Brewing Co for an undisclosed sum. Founded in 2013 by brothers Daniel and Thomas Lowe, Fourpure Brewing Co offers a range of beer “inspired by adventure”. The flagship range comprises Session IPA, Easy Peeler Citrus Session IPA, American Pale, Pils Lager and Oatmeal Stout. The company also offers a range of seasonal and special edition …
The dairy arm of Australian food and drinks firm Lion is launching a new version of its Farmers Union iced coffee enriched with protein and fibre, according to an article in Australian Food News. Named Edge, the brand extension is being made available in Original and Mocha flavours and is promoted as a quick ‘liquid breakfast’. The products are being made available through supermarket, independent and convenience channels across the …
Accolade Wines, one of the world’s largest wine companies, is to acquire Fine Wine Partners (FWP) in Australia for an undisclosed sum. In a press release, Lion, the Australian alcoholic drinks, soft drinks and dairy firm that owns Fine Wine Partners, described it as “a quality fine wine business offering exposure to the attractive and growing premium wine segment in desirable viticultural regions”. “However, following a comprehensive strategic review it …
Lion has recently launched a radler style beer especially for the Australian market. According to a report in Australian Food News, Hahn Radler contains 70% beer and 30% natural lemon compared to a more conventional 50:50 split: Lion is said to have increased the amount of beer after consumer product testing revealed this was the preferred mix. Hahn Radler is described as being the first beverage to be launched as …
It has been announced that Parmalat has won a five-year contract “to supply Woolworths’ private label milk in NSW and South Australia”. According to Food and Drinks Business News, the company was the successful contender a $100 million battle for the Woolworths’ private label brand contract after edging out rivals Lion and Murray Goulburn. Lion is said to have retained the contract in Tasmania. The Australian also report that the …
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