Coca-Cola Amatil Limited (ASX:CCL) said that it is not planning to bid for Lion-Dairy & Drinks Pty Ltd being hawked by Kirin Holdings Company, Limited (TSE:2503). In a statement to investors on March 15, 2019, Coca-Cola Amatil said it was "not pursuing a bid" for the Lion Drinks and Dairy portfolio. Kirin is selling the business, which owns brands including Pura milk, Big M flavoured milk, Yoplait yoghurt, Berri juice and Farmers Union iced coffee and yoghurt.

Coca-Cola Amatil said March 15, 2019 that it was "comfortable with, and remains focused on, its current outstanding portfolio of beverages". It followed market speculation Coco-Cola Amatil was working on a potential joint bid for the Lion dairy and juice business with Freedom Foods Group Limited (ASX:FNP).