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Australian leading beverage and food company Lion Group agreement to sell its Lion Dairy & Drinks business to the China Mengniu Dairy Company Limited (Mengniu Dairy).

Details provided below:

  • •The agreement includes the sale all white milk, milk-based beverages, yoghurt, juice and water ice brands and assets.
  • The deal also includes Lion Dairy & Drinks’ International business, and Dairy & Drinks’ share of the joint ventures Vitasoy Australia Products.
  • Lion’s alcohol businesses in Australia and New Zealand, and its global brand
  • Lion Little World Beverages business is not affected by the Dairy & Drinks sale agreement.
  • Lion Group a leading beverage and food company, the company is owner of Australasia’s many favourite brands in beer, wine and dairy.
  • Lion Dairy & Drinks’ manufacture, marketing, sales and distribution of white milk, flavoured milks, fresh dairy foods, and fruit juices in Australia.
  • The Australian Lion Dairy & Drinks manufacturing footprint span 11 sites including milk, yoghurt and juice facilities.

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