Award-winning craft brewery Deeds Brewing has gone into voluntary administration, as a dire year for independent Australian beer makers continues.
The Victorian-based outfit called in administrators on Wednesday, according to ASIC records, for four companies that make up the business: Deeds Group Pty Ltd, Deeds Brewing Company Pty Ltd, Future Proof Distilling Pty Ltd and Deeds Taproom Pty Ltd.
It employs about 50 staff, whose futures now hinge on whether the brewery is able to be successfully restructured or sold to a new owner.
READ MORE: How Australia brewed the perfect storm to put craft beer out of business
Deeds Brewing has gone into voluntary administration. Deeds Brewing/Instagram
David Orr and Glen Kanevsky of Deloitte have been appointed joint administrators.
“It’s very early days in this process as we take over management of the business and commence a review of its financial position,” Kanevsky said in a statement provided to 9news.com.au.
“For now, it is a case of business as usual and continuing to trade while we explore urgent sale or recapitalisation options.”
Established in 2012 as Quiet Deeds by university friends Patrick Alé and David Milstein, Deeds opened its brewery in the eastern melbourne suburb of Glen Iris…