Linfox acquires full ownership of BevChain
Linfox has acquired full ownership of BevChain after purchasing Lion’s 50 per cent share in the logistics business.
The acquisition price has not been revealed.
Lion Nathan and Australian delivery company, Linfox, began BevChain in 2006 as a joint venture specialising in warehousing and distributing alcoholic beverages.
The privately owned Linfox said the acquisition will provide a direct inroad to the multi-billion dollar beverage industry.
“The acquisition is aligned to Linfox’s growth strategy and we will continue to invest in sectors where we see an opportunity for growth,” said Linfox Chief Executive Officer, Annette Carey.
Linfox reports that since 2011, BevChain has doubled in size, generating AUD $250 million in revenue in its 2017 financial year.
BevChain will remain to be operated separately to Linfox.
Lion is expected to now concentrate on its core beer business with BevChain still providing warehousing and distribution services.