Australian Whisky Holdings (AWH) announced on March 5th that it intends to purchase all remaining shares of Lark Distillery that is doesn’t already own. AWH obtained approximately 48% of Lark as part of its acquisition of the distressed Nant assets in 2017. The deal will be worth a little more than $10 million. Existing Lark shareholders have been offerred cash, AWH shares or a mix of both.
Lark also owns Overeem so AWH will now complete the acquisition of that distillery as well.
It would seem consolidation in the nascent Australian Whisky Industry is well under way.