13/09/2018 – News / Beverages / Dairy products / Kirin Holdings / Japan / Australia / Lion-Dairy / Yoplait
Japan’s Kirin considering sale of Lion-Dairy and Drinks unit
Kirin Holdings has commenced a strategic review of its Australia-based Lion-Dairy and Drinks (LDD) Unit, looking at a possible sale among its options.
LDD produces and distributes a range of dairy products and beverages in Australia, such as the Yoplait, PURA and Masters brands, and is part of Kirin’s Australia-based subsidiary Lion Pty Ltd, the maker of beers such as XXXX and Hahn.
Kirin claims that the strategic review will consider “all potential options” for the business, including a sale of the unit.
A statement from the company said: “It is appropriate at this time to consider the best pathway forward to maximise its sustainable growth potential for the future.”
The statement made clear that the company had not made a decision at this time, and that an alternate course of action would be to retain and invest in the business.
According to the statement, LDD has improved profitability from 2015 following the implementation of the company’s Turnaround programme launched in 2015, and that this has “re-positioned the business for growth.”