2 0 1 9 ▁Bell amy ' s ▁announced ▁that ▁it ▁had ▁entered ▁into ▁a ▁$ 1 . 5 ▁billion ▁take over ▁scheme ▁with ▁China ▁M eng niu ▁D air y ▁Company ▁and ▁that ▁its ▁board ▁is ▁ur ging ▁share hold ers ▁to ▁appro ve ▁the ▁deal . ▁ ▁On ▁ 1 5 ▁November , ▁the ▁$ 1 . 5 ▁billion ▁take over ▁was ▁approved ▁by ▁Tre as urer ▁Josh ▁F ry den berg , ▁who ▁explained ▁the ▁Foreign ▁In vest ment ▁Review ▁Board ▁( FI R B ) ▁had ▁undert aken ▁extensive ▁consult ation ▁about ▁the ▁take over , ▁and ▁un anim ously ▁recommended ▁the ▁deal ▁was ▁" not ▁contrary ▁to ▁the ▁national ▁interest ". ▁But ▁the ▁sale ▁was ▁approved ▁with ▁conditions , ▁including ▁that ▁the ▁majority ▁of ▁Bell amy ' s ▁direct ors ▁are ▁Australian ▁citizens , ▁the ▁company ▁must ▁keep ▁its ▁headquarters ▁in ▁Australia ▁for ▁at ▁least ▁a ▁de cade , ▁and ▁it ▁continues ▁to ▁invest ▁$ 1 2 ▁million ▁in ▁the ▁local ▁processing ▁facilities ▁in ▁Victoria . ▁ ▁Range ▁of ▁products ▁ ▁The ▁company ' s ▁product ▁range ▁includes ▁infant ▁formula , ▁follow - on ▁formula , ▁to dd ler ▁milk , ▁baby ▁rice , ▁baby ▁por ridge , ▁apple ▁and ▁c inn am on ▁breakfast , ▁te ething ▁rus ks , ▁brown ▁rice ▁past a , ▁baby ▁mac aron i ▁and ▁sp elt ▁past a , ▁gra in ▁and ▁fruit ▁sn acks , ▁ready ▁to ▁serve ▁baby ▁me als , ▁and ▁veget able ▁mac aron i . ▁