Some people would be aware that Little World Beverages Ltd has been a 20% shareholder in Stone & Wood since 2009. Although a public company, Little World was a relatively small and well-respected craft brewer, and also a supportive partner in our business.
Following the recent acquisition of Little World Beverages by Lion (a subsidiary of Kirin) we decided to buy back the Stone & Wood shares that are held by Little World Beverages Ltd / Lion.
While we believe Lion has displayed a thorough understanding of the craft beer market, and are currently better placed to participate in it than any other large brewer in the world, we feel we’ve made the right decision for our business.
We are very proud of the company we have built since establishing it here in Byron Bay in 2008. It would not have been possible without the support of our shareholders, customers, drinkers, suppliers and the strong team of people working beside us each day, who are all contributing to create the Stone & Wood community.
It’s an exciting time at Stone & Wood at the moment, and 2012 has been filled with many milestones:
- Doubled our production capacity to produce upward of one million litres
- Pacific Ale voted No 1 beer in the Local Taphouse Hottest 100 beers
- Pacific Ale awarded a Silver Medal at the World Beer Cup
- Launched our third beer, Jasper Ale, in our permanent line up
- Conducted a successful seasonal release of Pacific Ale in the UK market
We are only four years into our journey and we have a lot of hard work and good times in front of us. We love playing an active role in developing craft beer in Australia and are looking forward to what lies ahead as we continue to write the Stone & Wood Brewing Company story.