Australians have reacted with shock and confusion to the news that a beloved beer brewing company has collapsed into administration.
On Tuesday, Brisbanes popular Ballistic Beer Company went into voluntary administration, according to a filing lodged with ASIC.
The firm, which is one of Queenslands best-known independent brewing companies, has appointed Jason Stone and Paul Allen from PKF Melbourne as administrators.
Ballistic Beer Companys co-founder David Kitchen has indicated the business is hoping to trade its way out of disaster.
He assured industry publication The Crafty Pint that the appointment was to massively restructure the business.
The present intention is to continue trading, Mr Kitchen confirmed. Ballistic Beer is still…
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