Mengniu Dairy acquire 100% stock Lion-dairy & Drinks with $600 million
date：2019-11-29
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Keyword： Mengniu Dairy，Lion-dairy & Drinks
On November 25, Mengniu Dairy announced that it would acquire 100% Australian branded Dairy and beverage company Lion-dairy & Drinks for an initial consideration of a $600 million.
LDD is an indirect subsidiary of Japan kirin in Australia, mainly engaged in the production and sales of its branded dairy products and beverage portfolio.
For Mengniu, the acquisition of LDD can significantly increase the performance in a short term, and it can also obtain the high-quality assets of lion-dairy, and even integrate the regional market to serve the Asia-pacific market through the combination of more brands and categories.
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