The boutique rum manufacturer, Brix Distillers, formerly known as Sydney Distilling Co, has opted for voluntary administration.
RSM Australia has been appointed to manage the administration for the pioneer craft rum distillery in the country. The firm is presently considering all possible alternatives, including liquidating the company’s assets through a deed of company arrangement.
Brix Distillers, which was established in 2017, ran a bar in Surry Hills.
The primary responsibility of the administrators is to explore and identify all potential solutions to ensure the most favourable outcome not only for the creditors but also for the legacy of this Australian distillery brand. This includes exploring the sale of the business and its assets, according to Ben Carson, director at RSM.
The administrators are currently in discussion with several parties who have shown interest in the future of this premium craft rum brand and its business operations.
Carson noted that the company boasts one of the largest private stockpiles of Australian rum in the country. He encouraged those who are interested in the business to get in touch with their proposals.
What is the current status of Brix Distillers?
Brix Distillers has gone into voluntary administration, and RSM Australia has been appointed as the administrator.
What are the future plans for the business and its assets?
The administrators are currently exploring all potential solutions, which includes the possible sale of the business and its assets.
Who could potentially acquire the business?
The administrators are in talks with several parties who have expressed interest in the business. Interested parties are encouraged to get in touch with their proposals.
