JWS advises on acquisition of Balter Brewing Co.

Media

Johnson Winter & Slattery (JWS) has advised Carlton & United Breweries (CUB) on its acquisition of Gold Coast craft beer business, Balter Brewing Co.

Under the agreement, CUB acquired the company which owns the Balter craft beer business and operates a brewery in Currumbin, Gold Coast. The Balter craft beer business was established in 2016 by co-founders including Mick Fanning, Joel Parkinson, Josh Kerr and Bede Durbidge.  Balter is now one of the fastest-growing craft beer brands in Australia, with its XPA having won the Hottest 100 Aussie Craft Beers the last two years.

JWS advised on all aspects of this transaction with the team led by Corporate Partner Sophia Bobeff, supported by Associates Will Mason, Claudia Scardigno and Rebecca Proudman. Partner Stewart Grieve advised on the tax elements of this transaction along with Special Counsels Julian Wan and Kathryn Bertram.

Sophia Bobeff said the firm was proud to support CUB on another strategic transaction.

“Craft beers are continuing to grow in popularity in Australia. CUB has developed a ‘recipe for success’ by nurturing local craft beers and supporting their expansion through capital investment and access to an extensive distribution network that CUB can offer. We are proud to again support CUB on another significant transaction.”

-ENDS-

 

About Johnson Winter & Slattery

Johnson Winter & Slattery is an independent national Australian law firm with over 60 partners and offices across Australia. We advise major Australian and international corporations and investment funds on their most challenging transactions and disputes across Australia and surrounding regions. Working closely with clients, knowing their business, and appreciating their commercial objectives, we tailor our approach to deliver cost-effective commercial outcomes.

Media contacts:  

Daya Knapton, Communications Manager

E: Daya.Knapton@jws.com.au

T: +61 2 8247 9638

 

Kate Potter, Business Development Director

E: Kate.Potter@jws.com.au

T: +61 2 8247 9659

Important Disclaimer: The material contained in this article is comment of a general nature only and is not and nor is it intended to be advice on any specific professional matter. In that the effectiveness or accuracy of any professional advice depends upon the particular circumstances of each case, neither the firm nor any individual author accepts any responsibility whatsoever for any acts or omissions resulting from reliance upon the content of any articles. Before acting on the basis of any material contained in this publication, we recommend that you consult your professional adviser. Liability limited by a scheme approved under Professional Standards Legislation (Australia-wide except in Tasmania).