Lion Nathan, Australia’s second largest brewer, has delivered a 13 per cent increase in net profit after tax on the back of a 7.1 per cent rise in sales. The maker of Tooheys and XXXX, which was recently acquired by Kirin Holdings, said the result was a sign of the success of the strategy implemented five years ago. “Five years ago we decided to invest in our most valuable assets; our brands, our people and our breweries and we made a commitment that the investment would be followed by... ...Read more »

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... ...Read more »

Kirin Holdings’ purchase of Lion Nathan was implemented today, ensuring the creation of the largest supplier of food and beverages to Australian supermarkets. Kirin’s operations in Australia will now be merged under the name of Lion Nathan National Foods, although the day-to-day operations of the two firms are unlikely to change greatly. The headquarters of Lion Nathan will remain in Sydney, while the headquarters of National Foods will still be in Melbourne. Lion boss Rob Murray will... ...Read more »

Kirin Holdings has received approval from the Federal Court of Australia for their multi-billion dollar takeover of Australia’s second largest brewer, Lion Nathan. Japanese food and beverage conglomerate Kirin has been very active in the Australian marketplace over the past few years with purchases of National Foods and Dairy Farmers. They will now combine these operations into one company, Lion Nathan National Foods, and become the largest supplier to Australian supermarkets with a portfolio... ...Read more »

National Foods has announced that CEO and Managing Director, Ashley Waugh, will resign in the wake of the confirmation of Kirin’s successful bid for Lion Nathan. Kirin, which owns National Foods, has reported that their Australian operations will be merged together under the name of Lion Nathan National Foods Pty Ltd with current Lion boss Rob Murray chosen to lead the combined entity. Mr Waugh has been with National Foods since January 2002, joining when National Foods acquired the King Island... ...Read more »