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Mengniu Dairy to Acquire Bellamy’s for USD 1 billion

China Mengniu Dairy plans to buy Bellamy's to expand its infant formula and baby food market share in both China and Southeast Aisa.

On September 16th, 2019, both Mengniu [1] and Bellamy’s [2] released notices to disclose Mengniu’s planned acquisition of Bellamy’s. As revealed by the announcements, Mengniu plans to buy Bellamy’s for A$ 1.46 billion (around USD 1 billion). The deal would need approval from Bellamy's shareholders, the NSW Supreme Court and Foreign Investment Review Board (FIRB). If everything goes well, the deal is expected to wrap up before the end of 2019.

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