Freedom Foods had been bidding with Coca-Cola Amatil for some of LDD’s assets, but the US beverage giant pulled out of the bid process.
Lion Dairy and Drinks owns brands such as Big M flavoured milk, Pura, Dairy Farmers, Berri fruit juice and King Island Cheese.
Sydney-based Freedom Foods Group said the company remained focused on “delivering on its unique capabilities and opportunities across dairy beverages and nutritionals, plant-based beverages and specialty cereals and snacks” in line with its half-year presentations made last month.
