Bega Cheese Completes $534 Million Deal Bringing Iconic Brands Back to Australia

Lion Dairy & Drinks owned products Pura Milk, Farmers Union, and Dare on May 25, 2016 in Melbourne, Australia. Darrian Traynor/Getty Images

Bega Cheese has completed a multi-million takeover of Lion Dairy, bringing a suite of iconic brands back under Australian ownership.

Bega Cheese paid $534 million (US$413 million) for the company from Japanese beverages giant Kirin Holdings.