Popular Gold Coast craft beermaker Balter has sold to the country’s biggest beer company, Carlton & United Breweries.
Balter Brewery, owned by local surfing legends Mick Fanning, Joel Parkinson, Bede Durbidge, Josh Kerr, brewer Scotty Hargrave, Stirling Howland and Sean Ronan, made the announcement on Thursday morning.
“G’day to our Balter community… today is a massive day. We’re rapt to say we’ve just finalised a deal to become a part of the Carlton & United Breweries family,” the award-winning beer creators said in a statement posted to Facebook.
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“The sale means a lot of things (and doesn’t mean some others), so we wanted you to hear it straight from the brewer’s mouth.”
The statement continued by reassuring fans that the beer we all love will remain exactly the same.
“Scotty will remain head brewer, in charge of every drop that makes its way into your mouths,” they said.
“The rest of the staff – from brew team, to marketing, to warehouse legends, to the entire gang who run the show, are all staying too. It’s business as usual, but with undoubtable backing, access to over a century of brewing knowledge and even more availability for you guys.”
Co-founder Mick Fanning said the sale of the company would help with continued growth.
“From day 1 we’ve tried to not only brew the most delicious beer but create a brand that was fun and inclusive – something the Aussie public would be proud to call its own,” Fanning said.
“We’re stoked Balter has connected so well with Aussies and we can’t wait to continue our journey with CUB and get good beer into the hands of more beer lovers.”
CUB CEO Peter Filipovic said he was excited to help expand the reach of the much-loved beer.
“In a few short years Balter has become a craft leader through its commitment to quality and by building a brand that appeals to all beer lovers,” he said.
“We will help manage Balter’s strong growth through our willingness to invest, our world-class beer expertise and our customer relationships. And the terms of the deal mean the Balter team is not changing and management is staying on, which will ensure the business retains its identity and everything else that helped drive its success.
“The deal also means we’re expanding our presence in Queensland, where we already have a significant economic footprint with our Yatala brewery employing more than 250 people.”
Balter was founded in 2016 and has since gone on to become one of the most popular beers in the country, winning major awards including the number 1 spot for the last two years straight in the GABS Hottest 100, Australia’s most prestigious craft beer awards.