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Craft brewer Stone and Wood sells out to Lion
Stone and Wood’s Pacific Ale has been one of the biggest selling craft beers in Australia for more than a decade and claimed the No.1 spot in the GABS Hottest 100 Aussie Craft Beers in 2011, 2015, 2016 and 2019.
The company, led by Brad Rogers, Ross Jurisich and Jamie Cook, announced the sale late yesterday in social media posts.
“Today we have some news to share … with a pounding heart and a lump in our throat, the founding families have decided to hand the custodianship of Fermentum (and its family of businesses – including Stone & Wood) over to Lion,” the group said.
“As a founder of a business, from day one you know that at some point down the road you will have to hand it over to someone else. Earlier this year, we realised that we were approaching a major milestone in the development of Stone & Wood where we knew it was time to build a new brewery.
“After many months of working through how we were going to begin the next chapter in our story the founding families decided it might be time to see if there was a custodian for the business who could grow the legacy, its people, its culture, its brands, and continue to drive the business whilst staying true to its purpose.”
Stone and Wood joins other craft brands Little Creatures, Panhead, White Rabbit and James Squire in the Lion stable, which also includes XXXX, West End, Hahn and Tooheys.
continued at: Craft brewer Stone and Wood sells out to Lion - InDaily