date:Sep 29, 2019
The Australian Competition and Consumer Commission (ACCC) has approved Saputo Dairy Australias proposal to acquire Lion Dairy Drinks cheese business in Tasmania.
In April, Saputo signed an agreement to acquire the speciality cheese business of Lion-Dairy Drinks in Australia for A$280m ($197m).
Under the agreement, Saputo proposes to acquire Lions cheese processing plants, located in Burnie and King Island, as well as cheese brands such as South Cape, King Island Dairy and Tasmanian Heritage.