Lion agreed to acquire Fermentum, a family-owned business behind Australia's iconic Stone and Wood breweries. Financial terms were not disclosed. "The combination of timing and finding the right custodian to take the business forward made this the natural next step for Fermentum. After an extensive strategic review exploring options to set us up for future growth, we decided to test the waters on whether now was the right time for the founding families to find a custodian to grow Fermentum’s legacy, its people, its culture and its brands, and continue to drive the business forward whilst staying true to its purpose," Jamie Cook, Fermentum Co-Founder and Chairman.