Craft brewery for sale in Upper Hutt
Beertique goes into liquidation. Guinness owner Diageo ditching its other beer brands. Making too different beers is unsustainable — report. Another outstanding trial hop, NZH-110 hits the market.
Friday is upon us again beer friends, so it’s time to crack open a cold one and enjoy a wrap of the week’s news.
First up, it appears one of the Brewtown breweries is for sale.
An advertisement on TradeMe has a “Leading Craft Brewery — Upper Hutt” for sale, with an asking price of $1.75M. The details are confidential until an expression of interest and so far the advert has attracted nearly 800 views with 14 people adding it to their watch list.
The advert reads:
“Our client operates one of Wellington’s leading craft breweries, has a well-recognised market brand, and is rebounding from Covid with vigour.
“Located in a high-profile hospitality precinct, this brewery is accompanied by a restaurant that delivers an outstanding culinary experience. Forward bookings and events for the summer months will provide strong returns.
“The Vendor has created a great business, employed top talent, and now runs the business under management.
“If you’re seeking a hospitality and brewer’s dream, then look no further.”
If you’re an avid follower of craft beer, your guess as to who this is will likely be similar to mine.
And if you want to buy this brewery: here’s the link:
Leading Craft Brewery | Trade Me Marketplace
Beer of the Week No 1
I was super-impressed with the first release in the Lo-Fi series from 8 Wired when it came out a couple of years ago. That was a 2% hoppy sour with heaps of flavour. The two new iterations are a raspberry Berliner Weisse and a Pale Ale (both at 2.5%) and both now classed as Low Carb as well. The Pale Ale is very tasty (in fact I’m having one right now) but the Raspberry Berliner Weisse is my preference. It’s top-notch, with great raspberry aroma and a lovely clean, refreshing flavour that’s gently tart. And both come in cute-looking 4x330ml cubes.
Beertique in liquidation
Beertique, a distribution company that pivoted towards logistics during the Covid lockdowns has gone into liquidation after one of its creditors took court action to have the business declared insolvent.
Beertique had a number of secured creditors in the beer industry including Epic, Liberty, Isthmus, Rocky Knob, and Deep Creek (also in liquidation).
Baylands has also indicated they were owed money by Beertique.
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