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.
- Lions 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 Australasias 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.