West Australian craft beer company Feral Brewing has been put up for sale by soft drinks giant Coca-Cola Europacific Partners, which is exiting the beer market in Australia to concentrate on its core soft drinks business, spirits and ready-to-drink alcohol products.

Feral Brewing was bought by Coca-Cola Amatil in 2017, and dates back to 2002. Industry players expect it could fetch between $50 million and $60 million in a sector where a string of craft beer brands have been acquired by large brewers, including Lion and Asahi, seeking to bolster flagging mainstream beer growth.