Japanese multinational beverage firm, Kirin Holdings Co., has recently agreed to divest 40 per cent equity in China Resources Kirin Beverages – a joint venture company in China – to Plateau Consumer for $994 million.
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Bega buys up Lion’s Dairy & Drinks business
Kirin Holdings and Lion have announced an agreement to sell the Dairy & Drinks business to Bega Cheese for A $560 million. The sale is unconditional, including no further regulatory approvals required and is expected to be completed in early 2021.
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Mengniu Dairy opt out of Lion deal
Beverage giant Lion and China-based Mengniu Dairy have agreed to part ways on the $600 million deal that was supposed to have the Chinese company take over brands such as Pura milk, Dare iced coffee and
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Australia in top five of biggest sellers of food & bev businesses in 2019
Orkla, Pernod Ricard, Nestlé, Asahi, PepsiCo, Lactalis, Anheuser-Busch InBev, Azelis, Berlin Packaging, Kirin and Waterlogic were the most acquisitive companies of 2019, according to the bevblog.net food
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