Australian spirits producer Top Shelf International (TSI) has entered voluntary administration almost a year after shares were suspended.
Rob Smith and Matthew Hutton, partners of McGrathNicol, have been appointed joint administrators of TSI.
Melbourne-based TSI produces Australian agave spirit Act of Treason, Ned whisky and Grainshaker vodka.
The administrators now have control of TSI and are looking into options for a sale or recapitalisation while the business continues to operate as normal.
In September last year, TSI voluntarily suspended trading of its shares and then explored sales…