Why it matters: Konvoy Kegs rents out 280,000 kegs to 600 beer groups and makers of alcoholic seltzer.
It has raised $13 million from investors to help drive expansion in the UK and Ireland, and aims to raise a further $10 million.
CEO Adam Trippe-Smith says there are too many beer producers in Australia.
Australia has too many brewers and more beer makers will hit the wall financially, predicts the boss of Konvoy Kegs, which rents kegs to 600 brewers in Australia and Asia and just raised $13 million to fund expansion into the United Kingdom and Ireland.
Chief executive and founder Adam Trippe-Smith said while the pubs sector in Australia was generating strong activity and “indexing up” as people looked for value dining options in a tougher economy, many smaller beer producers were feeling the pinch.
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Simon Evans writes on business specialising in retail, manufacturing, beverages, mining and M&A. He is based in Adelaide. Connect with Simon on Twitter. Email Simon at simon.evans@afr.com
