Deeds Brewing has announced that it is entering liquidation, having been unable to find a buyer or investor since entering into voluntary administration last month.
The brewery published a statement on Facebook about the decision to enter liquidation, thanking its fans and supporters over the years.
“Our hearts are broken. Since launching Deeds Brewing in 2012, our mission has always been about passion and people. We’ll deeply miss our dedicated staff, who have become like family to us, and our incredible fans who’ve stood by us through thick and thin throughout the years. We want to thank you for all the love and support you have shown us. In these tough times for businesses and individuals alike, we extend our best wishes to everyone in the industry. Now more than ever, it’s crucial to support local businesses,” the post read.
Deeds Brewing entered voluntary administration due to the ATO pursuing legacy excise debt, as well as an issue with contaminated malt. Co-Founders Patrick Alé and David Milstein provided a joint statement at the time.
“We’ve asked the ATO for a payment plan numerous times and have been rejected each time. We simply wanted more time so we would not have to put massive strain our business during very difficult market conditions.
“We also had a malt issue from 2022, in which we purchased contaminated malt, brewed a very large amount of beer that got out in the market, which we then had to pull out of the market at our costs. We’ve been working to make a claim through insurance, unfortunately our claim was rejected this week. These two events have left us with no other option but to put Deeds into voluntary administration,” the statement said.
The brewery was in administration for eight weeks, but the necessary investment has not been achieved, resulting in the liquidation.
Deeds Brewing is continuing to supply to wholesale until its inventory depletes, and will fulfill existing online and taproom orders.