Linfox gains full control of BevChain
Linfox buys remaining 50 per cent of the company Lion controlled
acquired full ownership of drinks transporter BevChain after buying the 50 per cent of the company Lion controlled.
Linfox says the “strategic acquisition” will provide with a direct inroad to the multi-billion dollar beverage industry and will enable the business to meet the needs of a wide range of customers in the alcoholic and non-alcoholic beverage sector.
“BevChain began in 2006 to provide a specialised service to the alcoholic beverage industry. We plan to grow the business further by expanding into new sectors within the broader beverage industry,” Linfox CEO Annette Carey says.
“The acquisition is aligned to Linfox’s growth strategy and we will continue to invest in sectors where we see an opportunity for growth.”
Since 2011, BevChain has doubled in size, generating $ 250 million in revenue in the last fi nancial year.
“Under sole Linfox ownership, BevChain will maintain its commitment to outstanding customer service by leveraging Linfox’s scale, expertise and logistics capabilities,” Linfox says.
BevChain will continue to operate as a separate entity to enable its focus on the specialised beverage market.
In exiting the joint venture, Lion will continue to focus on its core beer business.
Linfox and Lion will continue their successful, with BevChain providing ongoing warehousing and distribution services for Lion’s Australian beer business.
BevChain services major brands in the specialised liquor, beer, wine and energy drink categories, including many leading Australian and international brands.
“The acquisition is aligned to Linfox’s growth strategy”