Lion, a subsidiary of Japanese conglomerate Kirin, owns beer manufacturers like Tooheys, XXXX, Little Creatures, Hahn and James Boag’s in Australia and several other extra in New Zealand.
Four Pillars offered half the business to Lion in 2019 because it expanded and has now offered the rest.
Four Pillars, which has a flagship distillery in Victoria’s Yarra Valley and a bar in Sydney’s Surry Hills, confirmed the deal on its social media channels.
“Lion has been a wonderful, supportive partner since March 2019; they backed us at every step through Covid, helped us fund our incredible new distillery and allowed us to grow, create and experiment in gin as much as we liked,” Four Pillars mentioned its assertion.
“And we have grown together, we have learnt more about how to work with a more divergent customer base across Australia and New Zealand and they have learnt what makes Australia’s top craft distillery tick.
“This is a good day for our buyers (a lot of whom are employees and outdated mates) who supported us once we had been nothing greater than a pipe dream.”
Two of the founders, Matt Jones and Cameron Mackenzie, will stay with the company, while co-founder Stuart Gregor will leave in September.
The company won IWSC International Gin Producer of the Year two years in a row.
Source: www.9news.com.au
