Business
Bega buys Lion’s Australian dairy business in $560m deal – Sydney Morning Herald
Under the deal Bega will acquire well known brands such as Dairy Farmers, Yoplait and Farmers Union.
The $1.1 billion ASX-listed company, which still counts the small town of Bega on the NSW lower south coast as its corporate headquarters, will become a food and dairy heavyweight after beating a field that earlier included alternate asset manager Tanarra Capital and international dairy giant Saputo.
The deal adds a wide array of fresh dairy products such as yoghurt and flavoured milk to Bega’s existing portfolio of dairy products like cheese and butter, and its big selling grocery items peanut…
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