"The company, which listed last year with the plan to live up to its name - that is, brew beer - has since outsourced that responsibility and appears more excited about the "heavy demand" for prefabricated housing...But the loss-making company reckons it is on a winner, detailing a plan yesterday whereby it will fork out 20 million shares ($2 million) and $1.5 million cash for a 50.1 per cent stake in Shedco Pty Ltd. It will pay another $400,000 for a portable house business, Eco Transportable, a company set up only three months ago."The company claims: "The decision will generate a second and immediate cornerstone revenue driver for the Fremantle-based brewer and expose Oz Brewing to the burgeoning urban and rural demand for sheds, garages and prefabricated houses and offices."
Monday, November 26, 2007
An interesting story by Scott Rochfort in the Sydney Morning Herald who writes: "The most logical business deal of the week goes to the West Australian boutique brewer Oz Brewing, which trumpeted its move into the shed sector. He continues: "
Posted by alex johnson at 1:58 PM