A large Australian dairy processor may soon be broken up and sold.
Kirin Holdings, of Japan, is indicating it may sell the dairy division of Lion, its Australian food and beverage subsidiary.
Lion Dairy is a significant player in fresh milk markets in Queensland, NSW and Western Australia. Collecting about 10% of the national milk, it owns prominent brands Pura and Dairy Farmers fresh milk, Yoplait and Dairy Farmers yoghurt and the specialty cheese brand Tasmanian Heritage.
Australian dairy analyst Steve Spencer, of FreshAgenda, believes a break-up of the business is likely.
“It has effectively been for sale for several years. A breakup is probably more realistic, as flavoured milk and specialty cheese would be of interest to a few players, but the fresh white milk business is not especially attractive to others,” he told Dairy News.
Lion Dairy is a significant player in fresh milk markets in Queensland, NSW and Western Australia. Collecting about 10% of the national milk, it owns prominent brands Pura and Dairy Farmers fresh milk, Yoplait and Dairy Farmers yoghurt and the specialty cheese brand Tasmanian Heritage.
Australian dairy analyst Steve Spencer, of FreshAgenda, believes a break-up of the business is likely.
“It has effectively been for sale for several years. A breakup is probably more realistic, as flavoured milk and specialty cheese would be of interest to a few players, but the fresh white milk business is not especially attractive to others,” he told Dairy News.
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