SEE LOCATIONS. Bega Cheese will buy Lion Dairy & Drinks for $534 million and substantially bolster its product range and retail presence. The full court of the Federal Court sided with Bega Cheese in that matter, but Kraft-Heinz has decided to appeal that decision in the High Court of Australia. It means there are new owners for brands including Dairy Farmers, Pura, Dare, Farmers Union, Big M, Vitasoy, as well as Yoplait yoghurt and Daily Juice. Saputo, the Canadian dairy giant, is no longer in the running after the three suitors tabled bids earlier this month to Lion Dairy & Drinks' owner Kirin Holdings, the newspaper reported. Japanese drinks giant Kirin has finished churning through bids for its up-for-sale local dairy and drinks division. 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. Kirin and Lion said they considered all options for LDD, from a continuation of investment and retaining the business to a sale of LDD. Bega Cheese will expand its product mix to include fresh milk, flavoured milk and yoghurt with the acquisition of Lion Dairy and Drinks. 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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. Lion Dairy & Drinks operates 11 manufacturing sites across Australia and employs around 2300 people locally, with others based in Singapore, Malaysia and China. Lion Dairy Drinks owns the only national cold supply chain, which it uses to move perishable dairy products around Australia. 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. Valued at about $1.1 billion, Bega brands include Vegemite, Bega Cheese products … The company has since spent $15.2 million in a legal battle with US-based Kraft, which is seeking to stop Bega from using the well-known jars and yellow lid synonymous with Kraft products. The Company offers milk, juice, soy, beverages, and specialty cheese. Bega Cheese has purchased Lion Dairy and Drinks for $534 million dollars. (Alex Blucher)Expanded … Lion is New Zealand’s largest alcohol beverage company. The acquisition is subject to Australian Competition and Consumer Commission and Foreign Investment Review Board approvals. The Dairy and Drinks component of the business employs around 2300 people across Australia, Singapore, Malaysia and China. Bega purchased a range of Kraft productions from Mondelez International in 2017, including Vegemite and peanut butter, for $460 million. Remember me Forgot password? Lion Dairy & Drinks Animal Welfare Policy Last Updated: April 2016 Summary Lion Dairy & Drinks (Lion) places significant importance on the welfare of the animals that supply our raw milk. Not an online customer? news.com.au — Australia’s leading news site. LD&D’s core business is the manufacture, marketing, sales and distribution of milk-based beverages (Dare, Farmers Union, Big M, Masters, Dairy Farmers), yogurt (Yoplait, Farmers Union, Dairy Farmers), chilled juices (Juice Brothers, Daily Juice), cream and custard (Pura, Dairy Farmers), and white milk (Pura, Dairy Farmers, Masters). “The full divestment of the Dairy & Drinks business will ensure it has an owner that is well placed to grow the business over the long term, while also accelerating Lion’s pivot to becoming a leading global adult drinks business,” Lion chief executive Stuart Irvine said. Lion Dairy & Drinks was acquired by Bega in November 2020. Explore all our fresh dairy today. Lion's Dairy Farmers, Pura Milk and Farmers Union Iced Coffee.Source:Supplied. Lion, which has been on the market for more than 12 months, also owns a beer business that makes Little Creatures, James Squire and Tooheys. Order products and manage your account online. 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