The Catchment Brewing Co and other investors have acquired a majority share Ballistic Brewery, which had announced that it was entering administration.
The popular craft brewery has now been rescued by new investors, including Catchment Group and an interstate hospitality group. Catchment Group CEO Matt Newberry will assume the group CEO role and Ballistic Founder David Kitchen will remain as a shareholder and Strategic Advisor the Board.
“We are confident that with the capital injections from our partners and strategic input to the plans we have been working on will see Ballistic remain a large, relevant and popular craft beer brand in the Australian Craft beer Industry,” said Kitchen.
The investors have developed a new plan for Ballistic Brewery, including a revitalisation of Brisbane venue and distribution across NSW, ACT & Victoria.
“The combined skills of all parties will ensure the successful management, branding, marketing, logistics, sales and distribution to accelerate a pathway to profitability,” said Ballistic General Manager Lauren Jack.
Prior to entering administration, Ballistic Brewery had experienced significant growh both in Queensland and nationally. Catchment Group shares a belief in the importance of independent craft brewing and sees Ballistic Brewery as a major asset.
“In conjunction with the aggressive growth plans of the Catchment, Fortitude and Noisy Minor brands, we believe Ballistic will add value to our portfolio and offer a truly independent Queensland craft beer company with a terrific suite of brands and venues moving forward,” Newberry said.
“We will be retaining as many of the Ballistic team and breweries as we can. Our aim is to preserve Queensland jobs and keeping the Ballistic brand alive is important for the Ballistic founders and shareholders as well as the Queensland and national craft beer industry.”
The new investors provide a firm financial base and a solid strategy to get Ballistic Brewery back up and running, as well as new opportunities for the brewery to grow.
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