Headlines

Asahi Acquires Australian Craft Brewer

The craft end of the Australian brewing sector continues to consolidate with Independent Distillers Australia, a wholly owned subsidiary of Japanese beverage giant Asahi, to announce later today that it has bought the Cricketers Arms beer brand. The deal marks Independent Distillers' first strategic domestic beer acquisition under Asahi ownership. Asahi purchased Independent Distillers in September 2011. The company said this morning the purchase of Cricketers Arms provides Independent Distillers with a highly creditable domestic mainstream craft beer company to enhance its total beer portfolio. (Sydney Morning Herald)