Mergers & Acquisitions

The transaction was primarily completed to repay approximately US$1.3 million in debt, funded through an expansion of the Company’s existing line of credit.

The sale will include the company’s Pōkeno factory, a blending and canning facility in Auckland, a warehouse facility, and associated inventory and leasehold arrangements.

Libstar said it had received non-binding, indicative expressions of interest from unnamed parties.

The dairy giant first made a non-binding proposal to acquire Lifeway back in September last year (2024).

The acquisition is currently under review by the Hungarian state, according to the MNE’s statement.