Australian beer and wine group, Lion Nathan, has said that it does not expect to make any further wine acquisitions in the immediate future, following the company's NZ$52m acquisition of New Zealand winery, Wither Hills, this week.

"We are pretty comfortable with where we are at the moment in terms of wine," said CEO, Gordon Cairns. The company acquired Australian wine companies, Petaluma and Banksia, and spent A$370m expanding its wine operations last year.

Cairns said Lion Nathan's strategy was to own "the best wines from the best regions". "We've said those opportunities shouldn't be just restricted to Australia and New Zealand, and that's still the case." But before investing in other regions, he said the company had to demonstrate that its existing businesses were performing. Cairns added that funding was not the "limiting factor".