June 16/New York/Wall Street Journal -- Kirin Holdings’ Australasian food and beverage company Lion has agreed to acquire Little World Beverages in a deal that implies an enterprise value for the Australian brewer of 381.6 million Australian dollars ($386 million).
“While as a board we believe the company is well positioned and confident of continued growth under its current structure, this presents a low risk opportunity for the products and brands to be firmly established nationally and consider new markets internationally through the Lion network,” LWB chairman Ian Cochrane said in a statement.