Bega

Lion Dairy & Drinks launched its Dairy Farmers Creamery & Co range in 2018, one of the company’s many dairy brands. Pic: Lion Drinks & Dairy

Bega Cheese confirms Lion Dairy & Drinks acquisition

By Jim Cornall

Bega Cheese Limited said it has entered into a binding share sale and purchase agreement to acquire all of the shares in Lion Dairy & Drinks from Japan’s Kirin Holdings for a net acquisition price of A$534m (US$393m).