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Stone & Wood owner Fermentum eyes craft beer IPO

Simon Evans

The parent company of a string of craft beer brands, including Stone & Wood and a seltzer named Sunly that competes in the fast-growing “healthy alcohol” segment, is investigating a potential listing on the ASX to help fund expansion.

Jamie Cook, chairman and one of the co-founders of Fermentum, said the group’s sales had rebounded after being hit by hospitality shutdowns during the COVID-19 pandemic and is now assessing the best way to fund a $50 million new brewery project at Murwillumbah in northern NSW.

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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

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    Original URL: https://www.afr.com/link/follow-20180101-p56wo1