End of an era for Lion Nathan
Lion Nathan will officially be delisted from the ASX at the close of business tomorrow.
An employer of over 3,000 in Australia and New Zealand, Lion Nathan’s roots trace back to New Zealand with the 1914 creation of New Zealand Breweries. After building up a significant business in New Zealand the company looked to Australia for growth, with expansion taking a major step forward in 1990 with the purchases of Tooheys Brewery and Castlemain Perkins. Since then they have further extended their reach with the purchases of the South Australian Brewing Company and Boag’s and are now the second largest brewer in Australia.
The alcoholic beverage firm agreed to a takeover from major shareholder Kirin earlier this year and will now be a part of the Japanese firm’s combined Australian operation – Lion Nathan National Foods. Their headquarters will remain in Sydney, with Rob Murray heading up the combined group.