The Australian processor Dairy Farmers has received an initial bid from National Foods, owned by Japanese brewer Kirin Holdings. The deal could be worth $920 million. Dairy Farmers is owned by more than 2,000 Australian dairy producers. The company manufacturers branded milk, cheese and yogurt.
A deal would mark a significant ramp-up in Kirin’s presence in Australia, just a few months after it bought National Foods, one of the country’s largest food groups, for A$2.8 billion ($2.7 billion).
Dairy Farmers, which is owned by some 2,000 Australian farmers and makes Dairy Farmers brand milk, Coon cheese and Ski yoghurt, put itself up for sale last month. It said on Friday it has seen wide interest in a potential deal, which could be worth A$800 million-A$1 billion.
3 Comments on “Australian Group Receives Bid”
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