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 …