Major Tasmanian cooperage, MasterCask, has entered voluntary administration as it seeks a resolution to unresolvable internal shareholder issues.
Yesterday (6 June), Cam Brett, President of the Tasmanian Whisky and Spirits Association, shared the following message with members of industry group, Australian Distillers.
I have received advice today from the largest secured creditor of MasterCask, which includes the Tasmanian based cooperage Tasmanian Cask Co and the South Australian operation Australian Coopers (was SA Cooperage), that MasterCask businesses have been placed in voluntary administration.
Brett also shared details of the responsible administrators.
Philip Newman of PCI Partners has been appointed Administrator and has taken c…
Read the full article at: https://theshout.com.au/mastercask-enters-voluntary-administration/