Dairy sales | Freedom Foods Group pulls out of Lion Dairy and Drinks’ sale

FREEDOM Foods Group has formally announced it will not pursue a bid for Lion Dairy and Drinks’ assets being offered by Kirin Holdings Company Limited.

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.

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Topics |
Dairy sales, Freedom Foods Group, Lion Dairy

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