Beer giant Lion has acquired the Fermentum Group, which owns the Byron Bay craft beer brand Stone & Wood and Melbourne’s Two Birds Brewing, for more than $500 million.
But it needs the approval of the Australian Competition and Consumer Commission to finalise the transaction.
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Simon Evans writes on business specialising in retail, manufacturing, beverages, mining and M&A. He is based in Adelaide. Connect with Simon on Twitter. Email Simon at simon.evans@afr.com
