Saputo Dairy Australia Pty Limited - Lion-Dairy & Drinks Pty Ltd

Status: 
Completed
Outcome: 
Withdrawn on 20 November 2020
Industry: 
Dairy
Commenced: 
20 October 2020
Total review days: 
23 days

Acquirer(s)

  • Saputo Dairy Australia Pty Limited

Target(s)

  • Lion-Dairy & Drinks Pty Ltd

Summary

Saputo Dairy Australia Pty Limited (Saputo) proposes to acquire Lion-Dairy & Drinks Pty Ltd (Lion D&D).

Lion D&D and Saputo both operate dairy processing plants and purchase raw milk from dairy farmers, as well as supplying dairy products to retailers.

Market inquiries

Document title Date
Saputo Lion D&D - Market Inquiries Email - 20 October 2020 ( PDF 492.43 KB )

Timeline

DateEvent
20/10/2020ACCC commenced informal review under the Informal Merger Review Process Guidelines.
05/11/2020Closing date for submissions.
20/11/2020ACCC discontinued its public review after Saputo informed of its intention to withdraw its proposed acquisition of Lion Dairy & Drinks.