Sector News

Warrnambool buys Lion’s cheese business for $137.5 million

March 4, 2015
Consumer Packaged Goods
Victorian cheesemaker Warrnambool Cheese and Butter Factory has agreed to buy the everyday cheese business of Lion Dairy for $137.5 million in an all-cash deal.
 
The acquisition will allow it to increase presence in the branded cheese market, Warrnambool said in a statement. The deal is expected to close by the end of May.
 
The deal involves Warrnambool taking over Lion’s cheese brands that include Coon, Mil Lel, Fred Walker and Cracker Barrel, as well as taking control of Lion’s cut-and-wrap facility in Victoria.
 
Lion, owned by Japanese brewer Kirin Holdings, had acquired a 10 per cent stake in Warrnambool in 2013 to safeguard its cheese operations, which are supplied by Warrnambool.
 
Canadian dairy giant Saputo last year acquired Warrnambool after a furious bidding war with rival suitors Bega Cheese and Murray Goulburn.
 
By Prashant Mehra
 

comments closed

Related News

May 26, 2024

Heineken Pilot looks to boost digital supply chain flexibility

Consumer Packaged Goods

Heineken is investing in its ability to “mix and match” demand planning models as it builds out a connected supply chain. The flexibility to select models for both shorter and longer horizons remains a current challenge in demand planning, Corneel Hindriks, Heineken manager of digital and technology, global planning, tells CGT.

May 26, 2024

KPS to snap up Tate & Lyle’s corn business in US$350 million deal

Consumer Packaged Goods

US-based investor KPS Capital Partners is set to acquire Tate & Lyle’s joint venture Primient, which formulates plant-based ingredients, for US$350 million. The move will complete KPS’ remaining 49.7% ownership of the company to propel Primient’s corn business by modernizing operations, supporting growth initiatives and sustainability practices.

May 26, 2024

Kimberly-Clark names Patricia Corsi Chief Growth Officer

Consumer Packaged Goods

Kimberly-Clark has selected Patricia Corsi to lead its marketing and adjacent growth strategies, succeeding Alison Lewis as chief growth officer. Corsi will be tasked with accelerating brand and commercial program success, driving long-term growth for the company.

How can we help you?

We're easy to reach