Beverage behemoth Lion has continued to grow its stable of Australian craft brewing businesses, acquiring stoneandwood maker Fermentum in what is being described one of the country’s largest-ever craft beer buy-outs, writes domp ausbiz beer
Beverage behemoth Lion has continued to grow its stable of Australian craft brewing businesses, acquiring Stone & Wood maker Fermentum in what is being described one of the country’s largest-ever craft beer buy-outs.
Lion is one of Australia’s largest beer companies and a subsidiary of Japanese giant Kirin. It brews mainstream brands such as XXXX and Tooheys and has an extensive stable of other craft beers including Little Creatures, James Squire, and New Zealand brewer Panhead. “We want to grow what they’ve started, giving their people and beers even more reach across the country.”understand it is one of the largest-ever craft beer acquisitions in the country. Fermentum had reportedly been considering an IPO or external investment, with reports from June suggesting the business had been looking for an investment of as much as $150 million.
“Not only did Lion welcome these ideas with enthusiasm, they demonstrated they have similar values and a focus on environmental and social governance aligned to our ‘force for good’ approach.”
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