Good Drinks Australia has received a $750,000 grant from the Western Australian government, that will contribute to improving operational efficiencies, including funding civil works and site upgrades.
The grant will assist in the installation of a new fermentation tank, and groundworks that will allow for the addition of seven additional tanks in the future. This upgrade is a part of GDA’s existing continuous improvement program, maintaining our low-cost manufacturing advantage and improving production efficiencies.
The current round of the Western Australian government’s Value Add Investment Grants have been awarded to ten dynamic local agrifood and beverage processing businesses.
With $6.3 million dollars granted, Good Drinks Australia received the highest tier of funding.
WA agriculture and food minister Jackie Jarvis said, “This valuable grants program is supporting businesses to pursue goals and aspirations with confidence, creating jobs and flow-on benefits throughout the supply chain, and helping to diversify the WA economy.”
Good Drinks Australia managing director John Hoedemaker said the expansion would prepare Good Drinks for demand increases.
“We welcome the government’s support and show of confidence in our business. The grant helps fund the upgrade in our production capacity, with the expansion delivering additional scale and production advantages to the business, preparing us for demand increases in the future,” said Hoedemaker.
This follows GDA and Stomping Ground mutually walking away from an aquisition deal, saying recent conditions had challenged the underlying business case for GDA's acquisition of Stomping Ground. Hoedemaker said the acquisition “would require more resources than initially anticipated to create meaningful value for GDA shareholders”.
Work on the Good Drinks brewery upgrades will begin immediately and is due to be completed in late 2024.
