Grace Quigley
Manager External Comms •
Sydney
Media release: Clayton Utz advises Lion Corporation on its acquisition PNB, owner of Sukin beauty care
1 minute
Clayton Utz is pleased to have advised Lion Corporation, a leading Japanese manufacturer and distributor of healthcare and personal hygiene products, on its acquisition of 100% of the shares in PNB Consolidated Pty Ltd.
PNB is best known for its Australian-made natural beauty care brand, "Sukin," which is sold in over 20 countries worldwide. PNB's capital is approximately A$10.9 million, with net sales revenue of approximately A$79.7 million in FY25.
The transaction is a key milestone in Lion's Vision2030 (2nd stage) management plan, marking its strategic expansion into the Australian beauty care market. Sukin will now be positioned as a core brand within Lion's beauty care portfolio. Lion plans to leverage its operational expertise and established presence in key Asian markets to further elevate Sukin's global reach.
The transaction also highlights Lion's commitment to the Australian manufacturing sector, with Sukin's products proudly made in Clayton, Victoria.
The Clayton Utz team was led by partner Hiroyuki Kano, with key support from special counsel Shigeki Yamaura, senior associate Eric Jeffery and lawyer Yuki Sugawa.
Mr Kano said:
"We are delighted to have supported Lion Corporation on this significant transaction, which marks an important step in their Vision2030 strategy and their expansion into the Australian beauty care market."
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Clayton Utz communications are intended to provide commentary and general information. They should not be relied upon as legal advice. Formal legal advice should be sought in particular transactions or on matters of interest arising from this communication. Persons listed may not be admitted in all States and Territories.