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News
Australian brewery Grand Ridge enters administration
Australia’s Grand Ridge Brewing Company has gone into administration after 35 years in the business and establishing a loyal following.
The well-known independent family-owned craft brewery, which was established in the 1980s and based in the Strzelecki Ranges, Victoria’s Gippsland region, said it called in administrators with a view to selling up.
In a local report via 9 News, the brewery is using Richard Lawrence and Mitch Ball from Mackay Goodwin as administrators who are now looking to sell the business.
A Mackay Goodwin spokesperson told reporters that Grand Ridge “will continue to trade while Mackay Goodwin undertakes its preliminary investigations” and hinted that it has the “intention to sell the business” and suggested that “any interested parties should contact Mackay Goodwin”.
The brewery, which has been running for 35 years, employs 10 people and yet the administrators insisted:“We won’t be making any comment about possible redundancies during this time” and avoided further questions on the topic.
The Grand Ridge Brewing Co founder and owner Eric Walters said: “This decision was the most difficult in 35 years of operation. We believe there is no alternative than to file for voluntary administration. Ultimately, we hope to remain operational.”
Walters explained: “It has been an amazing journey, helping build the craft beer revolution in Australia and seeing it flourish into what it is today, and adding to the quality choices for Aussie beer consumers. I am very proud to have been part of this.”
Walters added: “Our industry, along with many others, is currently finding business very challenging. We foresee a positive future in a restructured business and are eager to reset and move forward.”
In addition to its range of beers, Grand Ridge also produces a cider named Twisted Sister. Despite the situation, Mackay Goodwin has confirmed that the Grand Ridge’s taphouse and brewery will remain open for as long as possible and will retain as many staff as it can until the next steps can be outlined.