@Mike Martins Channel

Australian Communist Takeover !PLS SHARE !

Some of your favourite brands — including Big M and Dare iced coffee — have a new home after a whopping $600 million takeover of one of Australia’s biggest dairy operations.

The Chinese dairy company Mengniu which earlier agreed to pay $1.5 billion to purchase organic baby formula maker Bellamy’s Australia has gone a step further in taking over the Lion Dairy and Drinks portfolio.

It means there are new owners for brands including Dairy Farmers, Pura, Dare, Farmers Union, Big M, Vitasoy, as well as Yoplait yoghurt and Daily Juice.