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M&A Watch: Emmi shareholders should consider sale

The recent sale of Italian unit Trentinalatte confirms growth through acquisition is not something Emmi is always successful at. Would, Stef...

Comment: Eyes on Saputo as Bega shows WCB hand

Two of the bidders for Warrnambool Cheese and Butter Factory have this week made fresh offers for the Australian dairy. The focus now moves...


Deal or no deal: WCB contenders slog it out

Katy Askew | 4 Nov 2013

The battle to acquire Warrnambool Cheese and Butter Factory has evolved into a complex series of tactical manoeuvres that could make Sun Tzu's The Art of War seem like light reading. Since the first takeover approach was announced, the tussle for WCB has seen industry majors Saputo, Murray Goulburn and Bega Cheese competing for ownership of the Australian dairy. With the stakes high, it is clear that it is all still to play for. Katy Askew reports.


Comment: Kirin's conundrum over Fraser and Neave

Chris Mercer | 28 Sep 2012

Now that Heineken has airlifted Fraser and Neave's share of Tiger beer out of the company's hands, all eyes turn to Kirin Holdings and ThaiBev's intentions for the Singapore food and drink group, writes Chris Mercer.


Focus: China a factor in Itochu interest in Dole

Dean Best | 14 Sep 2012

A chunk of Dole Food Co.'s business could end up in the hands of one of Japan's largest trading houses it was announced this week - and China appears to be central to the potential deal.

Latest News

Saputo's Warrnambool to buy Lion's cheese arm

Katy Askew | 2 Mar 2015

Warrnambool Cheese and Butter Factory - the Australian arm of Canadian dairy group Saputo - has struck a deal to acquire the everyday cheese business of Lion Pty Ltd for approximately A$137.5m (US$107.1m).


Lion looks to future despite dairy challenges

Dean Best | 12 Feb 2015

Lion saw volumes from its dairy and juice arm drop more than 7% in the year to the end of September but the Australian dairy group said it was making progress in attempting to turn the business around.


Lion dairy, soft drinks sales still under pressure

Dean Best | 6 Aug 2014

Australian group Lion continues to see sales from its dairy and soft drinks division come under pressure, with volumes down over 3% in the first half of its financial year.


Saputo closes WCB pursuit with 88% stake

Dean Best | 13 Feb 2014

Saputo's takeover offer for Warrnambool Cheese and Butter Factory has closed, with the Canadian dairy giant holding just shy of 88% of the Australian processor.


Lion books dairy write-down, warns of "headwinds"

Dean Best | 13 Feb 2014

Australian group Lion has booked an impairment charge of A$338.8m on its dairy business, which it warned faced "considerable headwinds".


Murray Goulburn to accept Saputo's WCB bid

Dean Best | 23 Jan 2014

Murray Goulburn has decided to accept the takeover offer for fellow Australian dairy firm Warrnambool Cheese and Butter Factory from Saputo.


Saputo secures control of Australian dairy WCB

Katy Askew | 22 Jan 2014

Saputo has secured control of Warrnambool Cheese and Butter Factory after winning the backing of shareholders representing over half the Australian dairy processor.


Bega Cheese to sell WCB stake to Saputo

Dean Best | 16 Jan 2014

Saputo's bid to buy Warrnambool Cheese and Butter Factory was given a boost today (16 January) after Bega Cheese decided to sell its stake in the Australian firm to the Canadian dairy giant.


Our offer is final, Saputo tells WCB investors

Dean Best | 10 Jan 2014

Saputo has said its current bid for Australian dairy processor Warrnambool Cheese and Butter Factory is its "last and final offer".


Bega receives interest in WCB stake

Dean Best | 3 Jan 2014

Australian dairy processor Bega Cheese has received interest in its stake in local peer and takeover target Warrnambool Cheese and Butter Factory.


Bega Cheese to drop out of WCB race

Dean Best | 19 Dec 2013

Australian dairy processor Bega Cheese, which kicked off the takeover battle for local peer Warrnambool Cheese and Butter Factory, is to walk away from the table and close its offer.


Saputo ups WCB bid after Oz watchdog intervenes

Dean Best | 17 Dec 2013

Saputo has increased its bid for Warrnambool Cheese and Butter Factory after an intervention from Australia's Takeovers Panel.


Oz watchdog set to rule on Saputo's WCB bid

Dean Best | 12 Dec 2013

Australia's Takeovers Panel is reportedly set to announce whether Canadian dairy giant Saputo must up its offer for local processor Warrnambool Cheese and Butter Factory.


Lion boss brushes off talk of sale

Dean Best | 10 Dec 2013

Stuart Irvine, chief executive of Australian food and drink group Lion, has played down speculation the company's dairy processing business could be sold.


Regulator puts brakes on Saputo's bid for WCB

Dean Best | 2 Dec 2013

Australia's Takeovers Panel has put Saputo's bid to buy local dairy processor Warrnambool Cheese and Butter Factory on hold.


Fonterra ups stake in Bega Cheese

Dean Best | 29 Nov 2013

Fonterra has snapped up more shares in Bega Cheese, the Australian dairy processor.


Murray Goulburn turns to watchdog over Saputo bid

Dean Best | 28 Nov 2013

Murray Goulburn is challenging Saputo's latest bid for Australian dairy Warrnambool Cheese and Butter Factory.


Saputo promises higher bid for Warrnambool

Dean Best | 25 Nov 2013

Saputo has upped the stakes in the battle to buy Warrnambool Cheese and Butter Factory, with a pledge to increase its offer again if it secures over half of the Australian dairy firm.


Saputo ups offer for Warrnambool

Dean Best | 15 Nov 2013

Saputo has reacted to new offers from rivals and returned to the table with a higher bid for Australian dairy Warrnambool Cheese and Butter Factory.


Murray Goulburn with highest bid for Oz dairy WCB

Dean Best | 13 Nov 2013

Murray Goulburn has returned to the table with a fresh offer - and the highest yet - for sought-after Australian dairy peer Warrnambool Cheese and Butter Factory.


Australia's Lion sees dairy, soft drink sales fall

Dean Best | 30 Oct 2013

Australian food and beverage group Lion has reported a 4.% drop in third-quarter sales from its dairy and soft drink business as it rationalises its portfolio and battles competition.


Lion buys stake in fellow Aussie dairy WCB

Dean Best | 29 Oct 2013

Australian dairy and beverage group Lion has snapped up just under 10% of Warrnambool Cheese and Butter Factory, the latest twist in the battle to buy the business.


Kirin's Aussie unit Lion sees profits slide

Katy Askew | 1 Aug 2013

Lion Pty Ltd, the Australian arm of Japan's Kirin Holdings, has seen first-half profits drop at its dairy business, which was hit by lower sales and higher raw materials costs.


Aussie dairy Lion signs new Hong Kong distributor

Dean Best | 9 Jul 2013

Australian dairy group Lion Pty Ltd has changed distributor in Hong Kong, signing local food and drink Vitasoy International Holdings to handle brands including Yoplait and Pura milk.


Oz firm Lion: Dairy returns still unacceptable

Dean Best | 1 May 2013

Australian food and drink group Lion has admitted returns from dairy and soft drinks business remain "a long way from acceptable" after a challenging first quarter.

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