Lion’s alcohol businesses in Australia and New Zealand, and its Global Markets business unit, are not affected by the Dairy & Drinks sale process. "It is somewhat of a relief to know there is a next step." 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. “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. By AFN Staff Writers. Kirin struck a deal in November to divest its Lion Dairy and Drinks subsidiary to China Mengniu Dairy. "The Lion Dairy & Drinks business has been for sale for more than a year now," Mr Kebbell said. External Relations Director Update – Saputo confirms interest in Australia's Lion Dairy & Drinks. 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. The Australian company, Lion Dairy, and its owner, Japanese beverage giant Kirin, both said in separate statements that approval … 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. Japanese drinks giant Kirin has finished churning through bids for its up-for-sale local dairy and drinks division. Saputo is ideally positioned to drive the business forward, given its deep dairy capabilities, complementary portfolio and commitment to the cheese category domestically.”. Lion has been advised by Deutsche Bank as financial adviser, with King & Wood Mallesons as legal adviser. Japanese drinks giant Kirin has finished churning through bids for its up-for-sale local dairy and drinks division. 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. It also knows how interested Bega was previously, and the time it spent getting to understand the up-for-sale business. PO Box 23084 Docklands, VIC 8012 +61 3 9188 8000. 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. related to Beer & cider, Mergers & acquisitions, Soft drinks, Water, Kirin, You’ve reached your limit of free reads this month. Lion Dairy's soft-drink business has suffered from sluggish growth, and its earnings took a further beating from soaring milk purchasing costs due to such factors as a drought. Lion Dairy and Drinks operates 11 Australian manufacturing facilites and has another two with joint-venture partners. 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. The sale of Lion Dairy and Drinks is entering the home straight. Phone: 0419 255 118 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 … Lion Dairy & Drinks $600 million sale to Mengniu Dairy falls through by Naomi White August 25, 2020 The proposed $600 million sale of Lion Dairy & Drinks to Chinese owned Mengniu Dairy has fallen through. After a careful assessment of all options, Lion has entered into an agreement to sell the Dairy & Drinks Specialty Cheese business to Saputo. Update – Saputo confirms interest in Australia's Lion Dairy & Drinks. "Our partners, Lion, have had international owners for more than a decade," he said. It comes after the sale process for Lion’s Australian assets ended earlier in … Lion D&D Customer Service. Email: robyn.riley@lionco.com, Introducing Dare Double Espresso No Sugar Added. 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. NZ: 0800 730 732. X. X. X. X. 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. Below is a further update on the cyber-attack and IT system outage that Lion is experiencing. China Mengniu Dairy Company Limited is buying Lion-Dairy and Drinks Pty Ltd (LDD) from Japan’s Kirin Holdings Company Limited. Font size Email Print. “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. 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. 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. Lion Cyber incident update 26 June 2020. 1:54pm Aug 25, 2020. The sale of Lion Dairy and Drinks is entering the home straight. In April 2019 Kirin and Lion assessed the fair value of the Dairy & Drinks business. Lion Dairy & Drinks 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. 737 Bourke Street Docklands, VIC 3008 . Lion Dairy's China sale tipped down drain Business . Auckland, 1011, Update on Sale of Lion Dairy & Drinks and Agreement to Sell Specialty Cheese Business. 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. By AFN Staff Writers. Saputo, the Canada-based dairy major, has confirmed it … 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. Based in Docklands, Lion Dairy & Drinks employs about 2300 people nationally. 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. Sydney, NSW 2000, Australia, Locked Bag 14, Royal Exchange Sydney, NSW 1225, 27 Napier Street, Freemans Bay, Kirin is a global, multi-industry food and beverages company headquartered in Tokyo. ACCC approves the sale of Lion Dairy and Drinks to China's Mengniu, after farmgate milk market competition investigation in Victoria Share. Speculation grows about sale of Lion dairy brands. 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 H1 Trading Update. An easy and convenient way to place your orders online Sign in. 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. 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. Aa . and would have signalled the full divestment of Lion’s Dairy & Drinks business, following the finalised sale of its speciality cheese business to Saputo Dairy Australia for $280 million in October 2019. “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. Milkline; Lion Dairy Pride; Lion Corporate; Dairy Australia; Lion Sustainability Lion Australia is part of the Lion Group, a wholly-owned subsidiary of Kirin Holdings. 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. Saputo to Acquire the Specialty Cheese Business of Lion-Dairy & Drinks Pty Ltd in Australia. Font size Email Print. Kirin Holdings and Lion have today announced an agreement to sell the Dairy & Drinks business to Bega Cheese Limited (Bega) for A $560 million. Tweet. April 26, 2019 03:34 ET … The proposed deal was announced in November 2019 was worth $600 million. Japanese beer and beverage giant Kirin has announced a strategic review for Lion Dairy and Drinks - a producer and distributor of dairy products and beverages in Oceania – with the sale … Read more. 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 It also knows how interested Bega was previously, and the time it spent getting to understand the up-for-sale business. The Australian Competition and Consumer Commission allowed the sale in February. Lion is a leading beverage and food company with a portfolio that includes many of Australasia’s favourite brands in beer, wine and dairy. 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. 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. 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 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. If you have trouble logging in, please contact: Customer Sales and Service . The proposed sale was canceled on Tuesday. Today, it released a statement abandoning the deal, over claims approval by the Federal Government was not forthcoming. "It is somewhat of a relief to know there is a next step." 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. National. 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). Speculation grows about sale of Lion dairy brands. In a statement, Treasurer Josh Frydenberg said he had been advised the two companies had “mutually agreed to not proceed with the sale process”. Email Print Friendly Share. In terms of our operations, we have managed to get all our breweries back up and running. Level 7, 68 York Street 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. 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. Natalie Toohey          + 61 (0)409 239 459, Elise Gare                  + 61 (0)437 306 437, Lion Pty Limited Co-operative chairman and Gympie dairy farmer, Andrew Burnett said the iconic Dairy Farmers brand is now back in Australian ownership. Password. 10%* of … 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. Quicklinks. 1800 000 570. customersalesandservice@lionco.com. 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. Kirin Holdings and Lion announce agreement to sell Dairy & Drinks to Bega Cheese Limited. New customer registration Saputo is ideally positioned to drive the business forward, given its deep dairy capabilities, complementary portfolio and commitment to the cheese category domestically.”. Greenhill & Co Australia have acted as independent financial adviser to Lion. By AFN Staff Writers. Not an online customer? Lion Dairy & Drinks for sale by FMCG Business October 11, 2018 October 15, 2018. Update on the sale of Lion Dairy & Drinks. Lion has been advised by Deutsche Bank as financial adviser, with King & Wood Mallesons as legal adviser. Company profile page for Lion-Dairy & Drinks Pty Ltd including stock price, company news, press releases, executives, board members, and contact information Lion Dairy & Drinks Business Sale Update. Kirin and Lion said they considered all options for LDD, from a continuation of investment and retaining the business to a sale of LDD. 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. Lion - Dairy & Drinks Australia . Tweet. The sale agreement is subject to ACCC and Foreign Investment Review Board approvals, and other standard closing conditions. ACCC approves the sale of Lion Dairy and Drinks to China's Mengniu, after farmgate milk market competition investigation in Victoria Share. Kirin struck a deal in November to divest its Lion Dairy and Drinks subsidiary to China Mengniu Dairy. SEE LOCATIONS After a careful assessment of all options, Lion has entered into an agreement to sell the Dairy & Drinks Specialty Cheese business to Saputo. 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 China Mengniu Dairy's $600 million purchase of Kirin's Lion Dairy and Drinks abandoned amid trade tensions. related to Beer & cider, Mergers & acquisitions, Soft drinks, Water, Kirin, You’ve reached your limit of free reads this month. “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. The sale of Lion Dairy & Drinks to Mengniu was approved by the Australian Competition and Consumer Commission earlier this year. Email: elise.gare@lionco.com, Robyn Riley Aa . 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. Australian authorities are poised to block Kirin's proposed sale of Lion Dairy & Drinks to China's Mengniu Dairy, according to a local report. 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 … 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 is New Zealand’s largest alcohol beverage company. Username. Corporate Affairs Manager (Media) 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. 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 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. As a valued customer, I’m pleased to share with you that Kirin and Lion today announced that it has entered into a sale agreement to sell the Dairy & Drinks business to Bega Cheese Limited (Bega). In a further update, Lion CEO Stuart Irvine said that the sale process for the broader Lion Dairy & Drinks (LDD) business was continuing. 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. Lion Dairy & Drinks Brand Updates. Alasdair McDonald November 26, 2020 - 3:56PM Consumer Enquiries AU: 1800 677 852. Lion Dairy & Drinks 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. “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. Lion Dairy's China sale tipped down drain Business . Sales Enquiries AU: 1800 000 570. In April 2019 Kirin and Lion assessed the fair value of the Dairy & Drinks business. "Our partners, Lion, have had international owners for more than a decade," he said. 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. New Claim. Mr Kebbell said DFMC did not share concerns expressed on social and tabloid media about Chinese ownership. COVID-19 has changed how we live, work, shop and it has had a huge impact on our customers and consumers across the country. “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. Dairy and Drinks Sale or Return Claims. Lion’s alcohol businesses in Australia and New Zealand and its Global Markets unit, are not affected by the dairy and drinks sale process. Lion has announced that it plans to sell its Lion Dairy & Drinks (LDD) business. 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). 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. By AFN Staff Writers. 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. Greenhill & Co Australia have acted as independent financial adviser to Lion. Older Posts. Bega Cheese says Lion Dairy and Drink purchase sees it fulfil it’s ‘ambition of creating a truly great Australian food company’. 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