Milkline; Lion Dairy Pride; Lion Corporate; Dairy Australia; Lion Sustainability Saputo, the Canada-based dairy major, has confirmed it … The recent impact of extreme weather on the cost and availability of milk, combined with discussions with bidders to date in the sale process, have led Lion and its parent Kirin to take the step of recognising a non-cash write down of the carrying value of Dairy & Drinks, including the cheese business. Lion H1 Trading Update. The proposed deal was announced in November 2019 was worth $600 million. Kirin Holdings and Lion announce agreement to sell Dairy & Drinks to Bega Cheese Limited. Kirin and Lion know that the company has the financial power and stomach to swallow the portfolio, and shares something of a darling status in Canberra, where its most recent attempt to sell Lion Dairy & Drinks fell over. Kirin Holdings Co. has revived a sale of its Australian beverage unit after scrapping a deal with China Mengniu Dairy Co. amid political strain, according to people familiar with the matter. Kirin and Lion said they considered all options for LDD, from a continuation of investment and retaining the business to a sale of LDD. Lion - Dairy & Drinks Australia . “We are continuing to consider various pathways forward for the balance of the Dairy & Drinks business and will take the time to ensure we achieve the best possible outcome over the coming period,” Irvine concluded. The Japanese group has reportedly made a decision on the future of the Lion dairy business that had been set for sale to China's Mengniu before … Co-operative chairman and Gympie dairy farmer, Andrew Burnett said the iconic Dairy Farmers brand is now back in Australian ownership. Font size Email Print. Kirin is a global, multi-industry food and beverages company headquartered in Tokyo. Lion's $280m cheese sale to Saputo gets ACCC green light 1 year, 2 months ago ACCC ticks Lion-Saputo cheese deal, but is wary of more mergers Andrew Marshall @BurrenAndrew 26 Sep 2019, 11 a.m. Lion Dairy & Drinks for sale by FMCG Business October 11, 2018 October 15, 2018. After a careful assessment of all options, Lion has entered into an agreement to sell the Dairy & Drinks Specialty Cheese business to Saputo. Lion has been advised by Deutsche Bank as financial adviser, with King & Wood Mallesons as legal adviser. Corporate Affairs Manager (Media) Bega Cheese says Lion Dairy and Drink purchase sees it fulfil it’s ‘ambition of creating a truly great Australian food company’. Update – Saputo confirms interest in Australia's Lion Dairy & Drinks. related to Beer & cider, Mergers & acquisitions, Soft drinks, Water, Kirin, You’ve reached your limit of free reads this month. Lion D&D Customer Service. Remember me Forgot password? New customer registration The recent impact of extreme weather on the cost and availability of milk, combined with discussions with bidders to date in the sale process, have led Lion and its parent Kirin to take the step of recognising a non-cash write down of the carrying value of Dairy & Drinks, including the cheese business. The sale to Saputo will include all of Dairy & Drinks’ 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 Island Dairy and Cheese Store), and the two Lion-owned farms on King Island (Horizon Glen and Kyeema). The sale agreement is subject to ACCC and Foreign Investment Review Board approvals and other standard closing conditions and is expected to complete within the second half of calendar year 2019. "The Lion Dairy & Drinks business has been for sale for more than a year now," Mr Kebbell said. Kirin struck a deal in November to divest its Lion Dairy and Drinks subsidiary to China Mengniu Dairy. Lion Australia is part of the Lion Group, a wholly-owned subsidiary of Kirin Holdings. It has 11 factories around Australia and its suppliers include 280 dairy farmers and 85 fruit growers. Asahi has abandoned a plan to buy the Australian-based Lion Dairy and Drinks division following its $16 billion takeover of Carlton & United Breweries (CUB). Lion Dairy's China sale tipped down drain Business . “As we worked through the sale process over the last several months, significant bidder interest emerged in both the whole Dairy & Drinks business and also in the specialty cheese assets on a standalone basis. Auckland, 1011, Update on Sale of Lion Dairy & Drinks and Agreement to Sell Specialty Cheese Business. 10%* of … Kirin Holdings and Lion have today announced an agreement to sell the Dairy & Drinks business to Bega Cheese Limited (Bega) for A $560 million. Lion’s alcohol businesses in Australia and New Zealand, and its Global Markets business unit, are not affected by the Dairy & Drinks sale process. Lion Dairy is an Australian company wholly owned by Japan’s Kirin Holdings Co. Kirin said it had agreed with Mengniu Dairy Co to terminate a $600 million transfer deal signed in … Lion’s alcohol businesses in Australia and New Zealand and its Global Markets unit, are not affected by the dairy and drinks sale process. The sale of Lion Dairy and Drinks is entering the home straight. Tweet. By AFN Staff Writers. Japanese-owned beverage giant Kirin announced the sale of Lion Dairy and Drinks to Mengniu Dairy last November, pending approvals. COVID-19 has changed how we live, work, shop and it has had a huge impact on our customers and consumers across the country. April 26, 2019 03:34 ET … First Name: Surname: Phone Number: Email Address: Customer Number: Click here to enter your own claim reference number Claim Date: Claim Reason: Claim Detail ID SKU SKU Description Quantity UOM; Your claim has been successfully submitted. Lion's $280m cheese sale to Saputo gets ACCC green light 1 year, 2 months ago ACCC ticks Lion-Saputo cheese deal, but is wary of more mergers Andrew Marshall @BurrenAndrew 26 Sep 2019, 11 a.m. We employ more than 6,700 people across Australia and New Zealand predominantly and take great pride in our local manufacturing footprint, which spans 38 sites – including milk, specialty cheese, yoghurt, juice sites and dairy farms as well as large breweries, craft breweries, wineries, and venues. “When we announced the decision to progress a sale of the Dairy & Drinks business last year, we made clear our intention to identify the best future ownership arrangements for the Dairy & Drinks business, and to ensure both Dairy & Drinks and the Lion business are ideally positioned for growth – with the right people, assets and investment behind their respective strategies,” said Irvine. Company profile page for Lion-Dairy & Drinks Pty Ltd including stock price, company news, press releases, executives, board members, and contact information 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 Australian authorities are poised to block Kirin's proposed sale of Lion Dairy & Drinks to China's Mengniu Dairy, according to a local report. The sale agreement is subject to ACCC and Foreign Investment Review Board approvals and other standard closing conditions and is expected to complete within the second half of calendar year 2019. In April 2019 Kirin and Lion assessed the fair value of the Dairy & Drinks business. Natalie Toohey          + 61 (0)409 239 459, Elise Gare                  + 61 (0)437 306 437, Lion Pty Limited Lion CEO Stuart Irvine said: “Following careful consideration, we believe a sale of LDD is the best option to set both Lion and LDD up with the capital and resources needed to grow into the future. Speculation grows about sale of Lion dairy brands. Username. 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 Cooperative (DFMC). related to Mergers & acquisitions, Soft drinks, Water, Kirin, In a further update, Lion CEO Stuart Irvine said that the sale process for the broader Lion Dairy & Drinks (LDD) business was continuing. Saputo to Acquire the Specialty Cheese Business of Lion-Dairy & Drinks Pty Ltd in Australia. Lion Dairy & Drinks Password. 26 April 2019:- Lion CEO Stuart Irvine today provided an update on the sale of Lion Dairy & Drinks (LDD), including confirmation that Kirin and Lion have reached an agreement to sell LDD’s specialty cheese business to Saputo Dairy Australia (Saputo), for AUD 280 million. An easy and convenient way to place your orders online Sign in. The Australian company, Lion Dairy, and its owner, Japanese beverage giant Kirin, both said in separate statements that approval … By Dean Best | 20 October 2020. Today, it released a statement abandoning the deal, over claims approval by the Federal Government was not forthcoming. Lion Dairy's China sale tipped down drain Business . Greenhill & Co Australia have acted as independent financial adviser to Lion. Lion Dairy and Drinks operates 11 Australian manufacturing facilites and has another two with joint-venture partners. Level 7, 68 York Street Japanese drinks company Asahi Group is believed to be in negotiations to buy the remaining assets in the Lion Drinks and Dairy portfolio that is up for sale by its owner, countryman Kirin. Sources close to food and beverage company Lion are downplaying suggestions that its dairy business National Foods is for sale, despite growing speculation that it is on the market, according to reports... Kirin launches ‘Japan-inspired’ cider range exclusive to Australia. Lion has been advised by Deutsche Bank as financial adviser, with King & Wood Mallesons as legal adviser. Mr Kebbell said DFMC did not share concerns expressed on social and tabloid media about Chinese ownership. "The Lion Dairy & Drinks business has been for sale for more than a year now," Mr Kebbell said. The owner of Farmers Union Iced Coffee and a swag of other key local brands has pulled the plug on a deal that would have seen the Japanese company’s wholly-owned Australian dairy firm Lion Dairy & Drinks sold to a Chinese firm. On Tuesday 25 August 2020, the Treasurer of Australia announced that the proposed sale of Lion Dairy and Drinks Pty Ltd (Lion Dairy) to China Mengniu Dairy Company Limited (China Mengniu) would not be within Australia’s “national interest”, effectively blocking the transaction. Greenhill & Co Australia have acted as independent financial adviser to Lion. China Mengniu Dairy Company Limited is buying Lion-Dairy and Drinks Pty Ltd (LDD) from Japan’s Kirin Holdings Company Limited. Order products and manage your account online. “We are continuing to consider various pathways forward for the balance of the Dairy & Drinks business and will take the time to ensure we achieve the best possible outcome over the coming period,” Irvine concluded. The Australian Competition and Consumer Commission allowed the sale in February. Email Print Friendly Share. Kirin struck a deal in November to divest its Lion Dairy and Drinks subsidiary to China Mengniu Dairy. Dairy processor and drink manufacturer Lion has confirmed it has been forced to shut down production after being hit by a cyber attack on Monday. 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 Business Sale Update. Quicklinks. The Japanese group has reportedly made a decision on the future of the Lion dairy business that had been set for sale to China's Mengniu before the deal was scrapped. Sydney, NSW 2000, Australia, Locked Bag 14, Royal Exchange Sydney, NSW 1225, 27 Napier Street, Freemans Bay, In addition, Dairy & Drinks will benefit from access to leading-edge dairy research and development capability and further investment as part of the Mengniu business.” China Mengniu Dairy notes that Lion Dairy & Drinks has a ‘portfolio of iconic dairy brands with No 1 market position’ across the dairy … The proposed sale was canceled on Tuesday. By AFN Staff Writers. Dairy and Drinks Sale or Return Claims. 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’s non-cash write down of AUD 530 million does not impact the future underlying performance of the Dairy & Drinks business, which continues to benefit from a highly attractive portfolio of market-leading brands in growing categories – including milk-based beverages, yoghurt and premium juice. If you have trouble logging in, please contact: Customer Sales and Service . Elise Gare Update on the sale of Lion Dairy & Drinks. Update on Sale of Lion Dairy & Drinks and Agreement to Sell Specialty Cheese Business 26 April 2019:- Lion CEO Stuart Irvine today provided an update on the sale of Lion Dairy & Drinks (LDD), including confirmation that Kirin and Lion have reached an agreement to sell LDD’s specialty cheese business to Saputo Dairy Australia (Saputo), for AUD 280 million. The Australian Competition and Consumer Commission allowed the sale in February. Email: elise.gare@lionco.com, Robyn Riley Lion’s non-cash write down of AUD 530 million does not impact the future underlying performance of the Dairy & Drinks business, which continues to benefit from a highly attractive portfolio of market-leading brands in growing categories – including milk-based beverages, yoghurt and premium juice. Font size Email Print. 737 Bourke Street Docklands, VIC 3008 . Alasdair McDonald November 26, 2020 - 3:56PM Dairy processor and drink manufacturer Lion has confirmed it has been forced to shut down production after being hit by a cyber attack on Monday. ACCC approves the sale of Lion Dairy and Drinks to China's Mengniu, after farmgate milk market competition investigation in Victoria Share. 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. 1800 000 570. customersalesandservice@lionco.com. 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 Kirin and Lion know that the company has the financial power and stomach to swallow the portfolio, and shares something of a darling status in Canberra, where its most recent attempt to sell Lion Dairy & Drinks fell over. External Relations Director By 9News Staff. In a statement, Treasurer Josh Frydenberg said he had been advised the two companies had “mutually agreed to not proceed with the sale process”. "Our partners, Lion, have had international owners for more than a decade," he said. By AFN Staff Writers. “When we announced the decision to progress a sale of the Dairy & Drinks business last year, we made clear our intention to identify the best future ownership arrangements for the Dairy & Drinks business, and to ensure both Dairy & Drinks and the Lion business are ideally positioned for growth – with the right people, assets and investment behind their respective strategies,” said Irvine. Treasurer Josh Frydenberg has welcomed Lion's decision to abandon the sale of its $600 million dairy and drinks business to China Mengniu Dairy after it was told it was unlikely to win approval from Australian regulators. Japanese drinks giant Kirin has finished churning through bids for its up-for-sale local dairy and drinks division. Aa . Whilst it is not possible to be definitive, our expectation is that the sale is likely to complete in the second half of the 2019 calendar year. China Mengniu Dairy's $600 million purchase of Kirin's Lion Dairy and Drinks abandoned amid trade tensions. NZ: 0800 730 732. Not an online customer? Lion Dairy & Drinks Mr Kebbell said DFMC did not share concerns expressed on social and tabloid media about Chinese ownership. 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. The sale to Saputo will include all of Dairy & Drinks’ 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 Island Dairy and Cheese Store), and the two Lion-owned farms on King Island (Horizon Glen and Kyeema). It also knows how interested Bega was previously, and the time it spent getting to understand the up-for-sale business. Lion Dairy & Drinks (LD&D Milk Pty Ltd and LD&D Foods Pty Ltd), is a subsidiary of Australian diversified food company Bega Cheese. After a careful assessment of all options, Lion has entered into an agreement to sell the Dairy & Drinks Specialty Cheese business to Saputo. "Our partners, Lion, have had international owners for more than a decade," he said. Lion Dairy & Drinks Portal. The sale of Lion Dairy & Drinks to Mengniu was approved by the Australian Competition and Consumer Commission earlier this year. SEE LOCATIONS New Claim. In terms of our operations, we have managed to get all our breweries back up and running. 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. Indicative offers for the $500 million-odd Lion Dairy and Drinks – which makes and sells milk-based drinks, yoghurts and juices – landed on Lion and adviser Deutsche Bank's desk a fortnight ago and the race has entered its … Lion’s net sales revenue decreased 1.6% to $1,912.5 million, impacted by challenging trading conditions in the mature Australian and New Zealand beer markets and declines in chilled and ambient fruit juice. Sources close to food and beverage company Lion are downplaying suggestions that its dairy business National Foods is for sale, despite growing speculation that it is on the market, according to reports... Kirin launches ‘Japan-inspired’ cider range exclusive to Australia. Email: robyn.riley@lionco.com, Introducing Dare Double Espresso No Sugar Added. Phone: 0437 306 437 Japanese drinks giant Kirin has finished churning through bids for its up-for-sale local dairy and drinks division. TPG Capital is believed to have entered the contest to buy Lion Drinks and Dairy, joining other private equity rivals also in talks about an acquisition of the assets. Japanese drinks company Asahi Group is believed to be in negotiations to buy the remaining assets in the Lion Drinks and Dairy portfolio that is up for sale by its owner, countryman Kirin. Speculation grows about sale of Lion dairy brands. Lion has announced that it plans to sell its Lion Dairy & Drinks (LDD) business. X. X. X. X. Update – Saputo confirms interest in Australia's Lion Dairy & Drinks. 1:54pm Aug 25, 2020. related to Beer & cider, Mergers & acquisitions, Soft drinks, Water, Kirin, You’ve reached your limit of free reads this month. Saputo is ideally positioned to drive the business forward, given its deep dairy capabilities, complementary portfolio and commitment to the cheese category domestically.”. Older Posts. ACCC approves the sale of Lion Dairy and Drinks to China's Mengniu, after farmgate milk market competition investigation in Victoria Share. Aa . Kirin Holdings is to sell its Lion Dairy & Drinks business to Bega Cheese for AUD534m (US$393m), marking the company's exit from the non-alcoholic drinks category in Australia and New Zealand. It also knows how interested Bega was previously, and the time it spent getting to understand the up-for-sale business. UPDATE: BEGA Cheese plans to raise about $401 million through a share offering to help cover the $560 million it will pay for the Lion Dairy and Drinks business. "It is somewhat of a relief to know there is a next step." Kirin recently told investors to expect Lion Dairy to make ¥129.9 billion ($1.76 billion) revenue in the 2019 financial year, after revising it down from ¥143.3 billion. In April 2019 Kirin and Lion assessed the fair value of the Dairy & Drinks business. 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