Corrs Chambers Westgarth advised Carlton & United Beverages in its recent acquisition of the assets of Victorian-based water producer Koala Springs.
Corrs’ lead partner on the deal, mergers and acquisitions specialist Jeremy McCarthy, said the transaction involved the transfer of the largest volume of high quality commercial drinking water reserves in Australia.
McCarthy said Corrs began work on the deal in May and the purchase was complete by August.
As well as McCarthy, Corrs lawyers who worked on the acquisition included Naomi Porter and Andy Lowe from the corporate practice, Peter Drake and Alexandra Guild from property & environment and Dixon Hearder and Leah Kane from the tax division. All were from Corrs’ Melbourne office.
Corrs also worked closely with the Foster’s Group senior legal counsel, Craig Durham.
Thomson Playford, in Adelaide, acted for the vendor.
Carlton & United Breweries announced it had changed its name to Carlton and United Beverages on 1 July to reflect its moves to become a “multi-beverage company”, including pre-mixed spirits, spirits, popular table wine, cider, juices and other non-alcoholic drinks, as well as beer.