Tag Archives: acquisition

Mengniu Dairy to buy Lion Dairy & Drinks

Lion Dairy & Drinks has been sold to China Mengniu Dairy Company for $600 million. This sale includes all white milk, milk-based beverages, yoghurt, juice and water ice brands and assets. It also includes Dairy & Drinks’ international business, its share of joint ventures Vitasoy Australia Products and Capitol Chilled …

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Darrell Lea acquires Heritage Fine Chocolates

Darrell Lea has acquired Melbourne-based independent chocolate company Heritage Fine Chocolates. According to Darrell Lea, the purchase enables it to establish a chocolate “centre of excellence” in Melbourne. The company says the acquisition will create up to 50 new jobs within the first year of operation. It has also said …

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Coca-Cola invests in Made Group

Coca-Cola Amatil and The Coca-Cola Company have announced joint acquisition of a 45 per cent minority interest in Made Group. Made Group is responsible for Australian beverage brands including Cocobella, Rokeby Farms, Impressed and the company’s first brand, NutrientWater. Through this partnership, Made Group will reportedly continue operating independently. But …

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Coca-Cola acquires company behind Mojo Beverages

The Coca-Cola Company has acquired Organic & Raw Trading Co, the team behind Mojo Beverages. This is the first time Coca-Cola has acquired full ownership of a brand in the kombucha category. Terms were not disclosed. “In just over eight years, Organic & Raw has gone from selling Mojo at …

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Darrell Lea to buy Life Savers brand from Nestlé

Darrell Lea has made “a conditional agreement” with Nestlé to acquire the rights to the Life Savers brand in Australia and New Zealand. As part of the planned acquisition, Australian-owned Darrell Lea will move manufacturing of Life Savers from New Zealand to Australia. The iconic confectionery will be produced at …

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Sabco Australia completes Oakwood acquisition

Cleaning goods company Sabco Australia has completed the strategic acquisition of the Oakwood brand and its large range of cleaning products for an undisclosed sum. The acquisition follows Sabco’s recent procurement of Asia Pacific Brands and the Mr Clean and Turtle Wax (accessories) brands, part of the business’s strategy to …

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NQR sold as a going concern

Victorian discount-supermarket chain NQR has been sold as a going concern and will continue to operate. Bruno Secatore and Luke Targett of turnaround, restructuring and insolvency advisory firm Cor Cordis were appointed as administrators of the Australian-owned NQR Grocery Clearance Stores on January 24. “Following a process of making improvements …

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ACCC approves Saputo – Murray Goulburn acquisition

The ACCC will not oppose Saputo’s proposed acquisition of Murray Goulburn’s assets, after accepting a court-enforceable undertaking from Saputo to divest Murray Goulburn’s Koroit plant. Murray Goulburn and Saputo, which owns Warrnambool Cheese and Butter, both acquire milk from farmers in south-west Victoria and south-east South Australia, including in areas …

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The Distributors acquires Impulse Marketing

National independent wholesaler group The Distributors has acquired digital marketing agency Impulse Marketing as part of its vision to continue to provide high levels of service and opportunities to partners in the FMCG industry. The Distributors says Impulse Marketing is an established, innovative digital agency operating Brandz Online, Brandz Snapshot, …

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