Powder Monkey Brewery in Gosport has acquisitioned Southern Highlands Brewing in New South Wales, Australia.
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NewsTranscript
00:00 Mike McGeever I'm the chairman of Powder Monkey Brewing Company.
00:04 I'm Ben Toomey, newly appointed director of Powder Monkey.
00:10 I'm Andy Burton, I'm the CEO of Powder Monkey.
00:13 So tell me what we're doing here today.
00:15 Well today we've very successfully announced the raise of £800,000
00:20 amongst a raft of new shareholders so we're absolutely delighted.
00:25 Secondly we announced the acquisition of Southern Highlands Brewing Co.
00:29 which is based in Sydney in Australia.
00:32 So Powder Monkey really has got a bit of a kangaroo in its little bounce.
00:38 Brilliant and Ben tell me how you feel about this all today.
00:42 Oh it's a wonderful deal.
00:43 I think what it does it opens up markets for us in the UK
00:48 and it also opens up Powder Monkey to promulgate that across Australia.
00:54 And we've got some big plans and we're looking forward to opening
00:57 the Powder Monkey Tap House in Australia.
00:59 Brilliant and tell me when that will be.
01:02 2024, it'll have a 2024 and I'd say quarter three 2024.
01:08 And so what does this mean for people of Gosport and kind of the wider area?
01:14 I think it's a big thing for Gosport.
01:16 I mean we've set our heart and soul in Gosport.
01:18 We have become very much part of Gosport.
01:20 We've had people from Gosport Council here today,
01:22 are very good supporters of ours.
01:24 But we also have a belief that we can take the brand to a national
01:28 and international level.
01:29 So our heart and home will always be in Gosport but we'll spread the news
01:33 and take that throughout the country and hopefully throughout other parts of the world.