Linfox acquires sole ownership of BevChain
Linfox has acquired full ownership of BevChain after purchasing 50 per cent of the company from Lion.
This strategic acquisition will provide Linfox 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,” said Linfox CEO Annette Carey.
“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 dollars in revenue in FY17.
Under sole Linfox ownership, BevChain will maintain its commitment to outstanding customer service by leveraging Linfox’s scale, expertise and logistics capabilities.
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 partnership, 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.
Linfox has been providing logistics solutions to the beverage industry for more than 60 years, when a 16-year-old Lindsay Fox began delivering soft drinks in Melbourne during summer.