Chinese company to buy Dairy Farmers and other dairy icons for $600 million

READ MORE AT ABC NEWS 

The Chinese company behind the $1.5 billion takeover of organic infant formula maker Bellamy’s has agreed to buy another of Australia’s biggest dairy operations.

Key points:

  • Japanese-owned Lion plans to sell its dairy business (including brands Dairy Farmers and Pura) for $600m
  • The buyer is China Mengniu Dairy, which recently bought Bellamy’s for $1.5b
  • Earlier this year, Lion sold its its cheese business to Saputo for $280m

China Mengniu Dairy will pay Japanese beverage giant Kirin $600 million to take over its Lion Dairy & Drinks portfolio, the company said on Monday.

The Lion brands include several iconic brands including Dairy Farmers, Masters and Pura milk.

Its portfolio also includes Dare and Farmers Union iced coffee; Big M, Dairy Farmers and Pura Classic flavoured milk; Vitasoy soy milk and coconut milk; juice brands Daily Juice, The Juice Brothers and Berri; and Yoplait yogurt, under licence.

Lion has been trying to sell its dairy portfolio since October 2018, when it decided to concentrate on expanding its beer business including James Squire, Little Creatures, Tooheys and XXXX.

The company said it decided to approach Mengniu Dairy after reaching an agreement in April to sell the specialty cheese division of Lion Dairy & Drinks to Saputo Dairy for $280 million.

Source: https://www.abc.net.au/news/2019-11-25/chinese-company-in-600-million-bid-for-aussie-dairy-icons/11735408?fbclid=IwAR1POTVBC32fQFqwgRUOTX4vwUC9FdDy7L1Oe5P0Z25IDMFCAcUpRpO7-dc

25 thoughts on “Chinese company to buy Dairy Farmers and other dairy icons for $600 million

  1. Big QUESTION Here ….. (???)

    How much of this Chinese Company is …
    AUSTRALIAN … VESTED … INTERESTED …
    AUSTRALIAN … INVESTORS … AND … PROFITEERS …
    SEEKING … TAX FREEDOM ,,, FROM AUSTRALIA ??

    1. White Anglo Types
      Of Australian Origins
      Who have DELIBERATELY
      ……… OPENED DOORS
      ……… ABOLISHED LAWS
      ……… FACILITATED PATH WAYS
      To line their own greasy pockets ??

      Before we spit at the Chinese … let us look at
      The AUSTRALIAN TRAITORS
      Who have FORCED this METHOD of doing business
      UPON FOREIGN INVESTORS to AUSTRALIA

      “You’s can only come in here … to Australia … if we … corrupt Australian officialdom … get the larger share of the profits”
      It has been this way since the beginning & now it is open slather ??
      “Oh, no, it’s not us .. we have forgone out greedy wicked ways”
      DOES ANYONE ACTUALLY BELIEVE THIS BULLSHIT ??

      1. Attention: Alp Atik
        Seeing as you are at loose ends ..
        Might this not be an opportune time to go back to school ??
        Melbourne University is just down the street from me
        You could actually prove that you have a mind
        Go get that PhD you should have attained by now ..
        It beats sitting around all day watching second rate porn dude ~!!

        1. The Greeks used to say that no man should be called happy before he died. They meant not only that even the most content life could be undone by misfortune at the last minute, but also that the meaning of the entire life might depend on its ending. For a life\’s last chapter was not merely an event, with its freight of suffering & joy; it was a disclosure, in who\’s light the beginning & muddle might need to be drastically rewritten.

          1. At Melbourne University ..
            Seek out Professor Marcia Langton & Gerry Georgatos & ask what you can do to help our indigenous peoples ..

          2. You could take that no account Yugoslave bastard Nicka with you ..
            he was grumbling to me how his friends went to finance .. where the money was.
            IT .. is where it’s at .. my son Andrew earns 5 times more money then him or them.

          3. Andrew was in the technology side of the IT industry ..
            One day he rang me at work from Sydney
            “Mum should I go into sales .. there is more money there” ??
            ‘No, stay in the tech side of the business for as long as you can & one day you will be able to name your price” I replied.
            He obeyed his mother & that day came.

          4. Jeffery the maths tutor was imperative to his capacity to perform & excell in both sides of the IT industry.
            Again .. his mothers insightful & funded advice.
            I know my shit.

          5. Where did the quote come from ??
            Harper’s Magazine January 2000
            article title – The Unfinished Twentieth Century
            What We Have Forgotten About Nuclear Weapons
            By Jonathan Schell
            A Tale of Three Augusts …. Folio 42.
            It is a rather lengthy article but well worth reading & especially as it is us looking in sidelight.

          6. BOO !!
            Did I Scare You ??
            U’r not going to fall apart on me at this late stage ..??
            Are U ..??
            I’m kinda counting on U … hey.

        2. * Just to say .. that I know .. INTIMATELY .. 2 women .. who have acquired PhD’s from Melbourne University .. I was approximately in my late 40’s at the time .. & these 2 women EACH paid the MONETARY SUM OF $25.000 .. to purchase the said PhD’s .. if that were the way U wanted to go I cannot give U a correct indication of how much it would cost U in monetary terms.
          One of the females has a PhD in LAW .. ah yes .. A real & BRAINLESS BIMBO going by the title Emeritus Professor at Law ##### ###### ##### …
          Money Is Truly The Root Of All Bullshit.

          1. Please know that I have no idea of what U look like .. the 2 pic’s on images .. I have never seen these 2 men in my life .. Nicka also .. who knows what that man looks like .. Lance .. I had no idea when I saw him at Preston that it was him & I did not remember the name .. a neighbor recommended him .. what luck hey !!
            Someone cures me in my crib .. is for sure.

          2. The brooch on the collar of my rugby top .. is a gift of thanks from the Honorable Iain baker labor retired .. spouse of Emeritus Professor at Constitutional Law Cheryl Saunders .. i have told U once befre.

          3. What do I think about The Candy Man ??
            He looks down his nose at honest work .. he has never waited tables .. he jumps around the room a lot .. 1 minute he is here & the next he is hiding behind his equipment ?? .. words don’t come easy to him .. he tends to grow & shrink depending on which day i see him ?? .. he does not appreciate that Frankenstein & Jekell personify / were forerunners in groundbreaking steps forward in science & medicine .. has several Chinese witches visit with regular zeal to eat his money / an easy mark for any & all opportunists .. not unlike yourself .. an all day sucker .. is lacking self recognition gender identity
            .. lost in the woods really.
            ..

          4. U’r colleague Simon the ENT .. & my Toni .. he is a gold digger .. she made the mistake of telling him she had money .. so .. he asked to met her at the beach & he wanted her to be the mother of his child ..
            “Dear God in heaven, what next” said I
            He is still perusing her today .. 2 days ago she was in tears to me on the phone ..
            Simon the ENT is the actual stalker & not my daughter Toni.

          5. Alp
            Nick
            Stephen
            John
            Lance
            All educated & medical professionals ..
            these 5 men are loathed to spend $30.00 on a pair of shoes
            U can’t buy descent shoes for less that $200.00 a pop
            & yet they fork out hundreds of dollars at a time to ..
            wannabe tambourine dancers who can magically visa the psychic & spirit world ..
            make their day safe & profitable
            they hand over on a daily basis hundreds of dollars to any bitch or bimbo who says she has the power toooooooooooooo
            without any evidence or proof of success
            There Is A Sucker Born Every Minute.

            I’m going back to bed ….

        3. How do U make the chant in U’r head go away ??
          Plug music into your ears & listen till it does.
          Serves U right if it stays forever
          U evil bastard !!

  2. Micky de Mouse
    Micky de Mouse
    What .. U don’t like Frisco Kid .. I agree .. it does not do you justice .. Bronco sounds better but still .. a nice looking man like U need a fitting title .. we’ll think on it OK. 😉

    1. my overall don’t fit me X 2 pairs
      i have real & genuine BONDS Tshirts to go with the overalls
      & they do not fit me either
      something * drastic & * profound has to happen here !!

      1. men’s BONDS Tshirts .. the real thing before production went abroad.
        before our then PRIME MINISTER Paul John Keating
        GAVE AWAY …
        ……………ALL AUSTRALIAN MANUFACTURING JOBS
        ……………………………………………………………………TO OVERSEAS NATIONS
        ………..IN ONE FELL & CORRUPT SWOOP

        1. There was this joke .. that Bob Hawk & Paul Keating .. who loved the gee gee’s .. lost Australia 10 times over in gambling debts.

    2. Tonto wants to know ..
      Q. Do I know
      A. U melt for Blue Eyed Blonds .. google – BEB’s – images & see where his heart is.
      A. Chocolate cake
      A. Semi-trucks
      A. U love real burgers – a good thick steak – popcorn – U like dogs a lot – U can ride & love horses – U are a fantastic animal person & U love kids – & surprises & expect a nice surprise soon – the universe love you guy …

    1. Pauline Hanson & I just need to have a long lunch & we will be friends for life.

      ……………. *** AT THE NEXT FEDERAL ELECTION *** …………….
      …………………………………..VOTE 1…………………………………………..
      …………………………PAULINE HANSON……………………………………
      ……………..FOR PRIME MINISTER OF AUSTRALIA………………….

  3. I can hear U
    I can hear U
    Button it Charley
    If you spent & bought yourself a descent pair of shoes
    You feet might come to like U & not hurt all the time
    And .. U wouldn’t be such a grouch.

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