Sale of Assets: Sample Brew Pty Ltd (In Liquidation)
26 July 2019
We are pleased to announce the successful sale of the assets of Sample Brew Pty Ltd (In Liquidation) (“Sample Brew”) to East 9th Brewing Pty Ltd owners of Doss Blockos and Lick Pier.
Melbourne director Shane Cremin was appointed Voluntary Administrator of Sample Brew on 14 May 2019 and subsequently Liquidator on 19 June 2019.
The popular craft beer business was founded in 2014 and specialised in fine craft beers, pale ales and lagers. Following an expressions of interest campaign resulting in interest from a wide range of industry participants the assets and intellectual property were successfully sold on 19 July 2019. As a result, the Sample Brew brand lives on and consumers can continue to enjoy its popular ¾ IPA and other brews which will remain stocked at major retailers.
Importantly, former employees will receive full payment of their outstanding entitlements and unsecured creditors are likely to see a material return on their debt.
Our team has extensive experience across a wide range of businesses in the manufacturing, wholesale and retail industries. If your clients are experiencing financial difficulty, early advice is the key to obtaining the best results in the circumstances.
Contact our directors for more information on how we can assist.