Lion acquires 9.9% stake in Australia's Warrnambool
date:Oct 31, 2013
m to three separate from Canada's Saputo Australia's Bega Cheese and Murray Goulburn, reported The Wall Street Journal.

The company said that it has enjoyed a close relationship with Warrnambool Cheese Butter over many years and WCB plays an important role in its cheese business.

It considers this stake a continuation and strengthening of this relationship and plans to use the acquired share to protect the viability of its Coon and Cracker Barrel cheese brands, which are produced by Warrnambo
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