Lion has completed the acquisition of Stone & Wood parent company Fermentum, which it says will operate as a standalone business partnering with Lion “to drive growth with drinkers and customers”.
After a review of the proposed sale of Stone & Wood parent company Fermentum, the ACCC announced it will not oppose the deal saying there were “a wide range” of other craft brands in the market.
The Independent Brewers Association has denounced Australia’s beer market as one of the most restricted in the world in its submission to the ACCC regarding the sale of Stone & Wood.
The Australian Competition and Consumer Commission is asking for industry submissions on the proposed acquisition of Stone & Wood’s parent Fermentum by Lion.
Lion has announced that it has acquired the Fermentum Group, including Stone & Wood, Two Birds and Fixation.
The news this morning that Stone & Wood was being sold to Lion has left people with mixed feelings, reflected in the IBA response and an editorial from Brews News.
Stone & Wood brand The Gatherer is being moved to the Two Birds portfolio as the Fermentum-owned Melbourne brewery makes the move to 100% cans.
This week on the podcast, the team discuss the growth of craft on the Sunshine Coast, new recommendations from ABAC and who had to hand back their AIBA trophy.
We’re back podcasting for 2021 with a big news week as Fermentum snaps up Two Birds and Broo’s China deal collapses.
In this podcast, we chat with Two Birds Co-founder Jayne Lewis and Stone & Wood co-founder Jamie Cook to hear about the purchase by Fermentum.