Popular Gold Coast craft brewery Black Hops has gone under for the second time in two years, calling in administrators after failing to find a buyer.
Administrators Chris Cook and James Robba of Worrells were appointed to two companies behind the business, Black Hops Craft and Green Hops Brewing, late on Tuesday.
Director Luke McCormack said the sector’s challenges had proven too great.
“Unfortunately, the headwinds affecting the Australian independent brewing sector have never
been stronger,” he said in a statement.
“Over the past few months, the business was well advanced in sales discussions, but regrettably these broke down at the 11th hour.
“We now believe voluntary administration provides the best opportunity to preserve the business and maximise the prospects of a successful future and we will be assisting Worrells throughout this process.
“We also want to extend a heartfelt thank you to the Black Hops team and everyone who has supported the brewery during what has been a difficult period for Australian independent beer.”
Company records lodged with ASIC show Nick Harwood ceased as a director of the companies the day before administrators were called in.
The remaining directors are Mr McCormack and Darren Hill….