Popular Aussie craft beer company COLLAPSES after just six years in business
- Ballistic Beer Co plunges into administration
- Business has picked up a swag of medals
- However, administrators have been appointed
A well-known craft beer company has plunged into voluntary administration after just six years in business.
Ballistic Beer Co appointed administrators PFK Melbourne on Tuesday, according to documents with the financial regulator ASIC.
Co-founder David Kitchen told boutique beer newsletter The Crafty Pint the company’s directors and shareholders are restructuring the business.
Ballistic Beer Co – which runs breweries in Queensland and produces boutique beverages – has gone under after six years in operation
A creditors meeting is listed for February 26. The Queensland company’s beers are still for sale online.
The business launched in 2017 and its tinnies have taken home a swag of accolades.
They include a series of medals from the 2021 Australian International Beer Awards – the largest beer contest in the world.
Ballistic Beer runs a series of breweries in Queensland, including in the Whitsundays, Salisbury and Springfield, as well as producing its own craft beer lines.
The independent Queensland brewer is highly regarded – boasting a swag of industry awards
The company was formed five years ago by two mates who played rugby together in Hong Kong two decades before, and rapidly expanded in the years that followed.
Co-founder David Kitchen ran a chain of home brew stores before launching Ballistic beer with head brewer Lachy Crothers, who was working in London at the time but keen to return to Australia.
The pair moved into a World War II munitions factory in Brisbane’s industrial suburb of Salisbury and converted it into the brand’s first brewery.
Bolstering the craft beers with food trucks and live music, the concept soon proved a hit and was renamed Ballistic Brewery, with up to 12 beers on tap.
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