{"id":1688,"date":"2020-11-27T08:30:00","date_gmt":"2020-11-27T08:30:00","guid":{"rendered":"https:\/\/cciservices.org.au\/lion-dairy-drinks-business-sale-update\/"},"modified":"2023-09-10T01:47:00","modified_gmt":"2023-09-10T01:47:00","slug":"lion-dairy-drinks-business-sale-update","status":"publish","type":"post","link":"https:\/\/cciservices.org.au\/lion-dairy-drinks-business-sale-update\/","title":{"rendered":"Lion Dairy & Drinks Business Sale Update."},"content":{"rendered":"\n

Dear CCI Member, <\/p>\n\n\n\n

Lion Dairy & Drinks Business Sale Update <\/strong><\/p>\n\n\n\n

As a valued customer, I\u2019m pleased to share with you that Kirin<\/a> and Lion<\/a> today announced that it has entered into a sale agreement to sell the Dairy & Drinks<\/a> business to Bega Cheese Limited<\/a> (Bega).\u00a0<\/p>\n\n\n\n

We believe Bega, an established dairy and food company with more than 120 years of heritage, is well placed to drive the Dairy & Drinks business forward given its deep dairy capabilities and strong commitment to iconic Australian brands and the local dairy industry. <\/p>\n\n\n\n

This sale includes all the Dairy & Drinks milk, Milk Based Beverages (MBB), yoghurt, juice and water ice brands including our blockbuster brands – Dairy Farmers, Dare, Pura, Masters, Farmers Union, Yoplait, Berri, Daily Juice, The Juice Brothers and Zooper Dooper. <\/p>\n\n\n\n

It also includes the Dairy & Drinks\u2019 11 dairy and juice manufacturing sites in Australia and the Lion Dairy & Drinks\u2019 International business. The sale also includes the Lion Dairy & Drinks\u2019 share of the joint ventures Vitasoy Australia Products (Vitasoy) and Capitol Chilled Foods Australia (CCFA), as well as its minority shareholding in Made by Cow and the Dairy & Drinks\u2019 licensing agreement for the Yoplait brand in Australia and South-East Asia. <\/p>\n\n\n\n

The sale is unconditional, including no further regulatory approvals required and is expected to be completed in early 2021. <\/p>\n\n\n\n

There are no immediate impacts on your business expected as a result of this announcement \u2013 we will continue to uphold all existing agreements. <\/p>\n\n\n\n

Your contract with Lion Dairy & Drinks continues on a business as usual basis. Ensuring continuity of supply, quality and service to our customers and consumers are priorities for us as we finalise the sale. <\/p>\n\n\n\n

We anticipate working closely with Bega to ensure a smooth transition of our Dairy & Drinks operations as the sale moves closer to completion. <\/p>\n\n\n\n

As the sale transaction progresses we will continue to keep you update, consistent with our usual process. <\/p>\n\n\n\n

Our team that serves you today will continue to be your best contact moving forward so please don\u2019t hesitate to get in touch with your Lion Dairy & Drinks representative or contact Darryn Wallace the Lion Dairy & Drinks Commercial Director if you have any questions. <\/p>\n\n\n\n

We thank you for your ongoing support and look forward to working with you as we transition to our new owner. <\/p>\n\n\n\n

Kind regards, <\/p>\n\n\n\n

Kathy Karabatsas<\/strong> <\/p>\n\n\n\n

Managing Director, Lion Dairy & Drinks <\/p>\n","protected":false},"excerpt":{"rendered":"

Dear CCI Member,  Lion Dairy & Drinks Business Sale Update  As a valued customer, I\u2019m 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).\u00a0 We believe Bega, an established dairy and food company […]<\/p>\n

Read More… from Lion Dairy & Drinks Business Sale Update.<\/span><\/a><\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"xpathcommentstatus1","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1],"tags":[],"acf":[],"yoast_head":"\nLion Dairy & Drinks Business Sale Update. - CCI Services<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cciservices.org.au\/lion-dairy-drinks-business-sale-update\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Lion Dairy & Drinks Business Sale Update. - CCI Services\" \/>\n<meta property=\"og:description\" content=\"Dear CCI Member,  Lion Dairy & Drinks Business Sale Update  As a valued customer, I\u2019m 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).\u00a0 We believe Bega, an established dairy and food company [...]Read More... from Lion Dairy & Drinks Business Sale Update.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cciservices.org.au\/lion-dairy-drinks-business-sale-update\/\" \/>\n<meta property=\"og:site_name\" content=\"CCI Services\" \/>\n<meta property=\"article:published_time\" content=\"2020-11-27T08:30:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-09-10T01:47:00+00:00\" \/>\n<meta name=\"author\" content=\"Marketing CCI\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Marketing CCI\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/cciservices.org.au\/lion-dairy-drinks-business-sale-update\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/cciservices.org.au\/lion-dairy-drinks-business-sale-update\/\"},\"author\":{\"name\":\"Marketing CCI\",\"@id\":\"https:\/\/cciservices.org.au\/#\/schema\/person\/8a7ac5b8996ad4d7402d23f7e7f4dacd\"},\"headline\":\"Lion Dairy & Drinks Business Sale Update.\",\"datePublished\":\"2020-11-27T08:30:00+00:00\",\"dateModified\":\"2023-09-10T01:47:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/cciservices.org.au\/lion-dairy-drinks-business-sale-update\/\"},\"wordCount\":419,\"publisher\":{\"@id\":\"https:\/\/cciservices.org.au\/#organization\"},\"articleSection\":[\"News\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/cciservices.org.au\/lion-dairy-drinks-business-sale-update\/\",\"url\":\"https:\/\/cciservices.org.au\/lion-dairy-drinks-business-sale-update\/\",\"name\":\"Lion Dairy & Drinks Business Sale Update. - 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