Drinks giant Coca-Cola looks set to buy part of the Australian-owned company Billson’s Brewery which was facing liquidation until it received a lifeline from creditors earlier this month.
The company went into voluntary administration in July this year, owing more than $7 million to 142 unsecured creditors.
The business is housed in a 159-year-old brewery in Beechworth in north-east Victoria.
In a written statement, owners Nathan and Felicity Cowan, who started the company in 2017, said they were “thrilled” to have entered into agreement to see the Billson’s brand and alcoholic line to Coca-Cola.
“We wholeheartedly believe that the brand is in the best possible hands for it to thrive long into the future,” Mr Cowan said
“This…
