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Another Kiwi craft beer company in deep trouble

Author
NZ Herald,
Publish Date
Tue, 31 Oct 2023, 11:38am
A canning line at Deep Creek brewery in Auckland a few years ago, when the company was focused on expanding the brewery with its beers headed for national distribution in Australia.
A canning line at Deep Creek brewery in Auckland a few years ago, when the company was focused on expanding the brewery with its beers headed for national distribution in Australia.

Another Kiwi craft beer company in deep trouble

Author
NZ Herald,
Publish Date
Tue, 31 Oct 2023, 11:38am

Another homegrown brewer has found itself in financial trouble after a horror few months for the sector.

Deep Creek described itself as a company with origins as a small brewery in 2011 in Browns Bay on Auckland鈥檚 North Shore.

But the company, Deep Creek Brewing operations, is now in liquidation.

Paul Brown (left) and Jarred Maclachlan of Deep Creek pictured several years ago.Paul Brown (left) and Jarred Maclachlan of Deep Creek pictured several years ago.听

Liquidators Paul Vlasic and Derek Ah Sam from Rodgers Reidy were appointed liquidators this morning, according to Companies Office records.

Their office told the听Herald听Vlasic was at the North Shore brewery around 10.30 on Tuesday morning.

Deep Creek was founded by Jarred Maclachlan, Paul Brown and Scott Taylor in 2011.

By 2019,听it employed 15 staff at a Silverdale brewery and 30 staff at a North Shore brew pub.

It began exporting to China in 2019.

Earlier this month, the brewer told fans on Facebook it was voted 鈥3rd Choicest Craft Beer鈥 in a contest involving 500 beers.

Interests associated with Maclachlan own at least 26 per cent, while Brown owns 9.5 per cent.

Although it was not immediately clear what had caused Deep Creek鈥檚 financial struggle,听the broader sector听has been in some turmoil lately.

Epic Brewing Company called in insolvency specialists on July 25 after experiencing financial difficulties blamed on Covid-19 and increased costs.

But听that craft beer brewer found a new buyer a month later.

And in August,听Brothers Beer was put into voluntary administration.

A PwC voluntary administrators鈥 report said Brothers Beer Ltd and Brothers Wholesale Ltd suffered from Covid-era hospitality restrictions and subsequent inflationary pressures.

Pursuit of Hoppiness听publisher and editor Michael Donaldson on his website said Deep Creek鈥檚 current situation was 鈥渁nother hammer blow for the industry鈥.

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