Daicom Australia - Case Update

Daicom Australia, trading as Dainton Beer, a Carrum Downs-based brewery, has successfully exited voluntary administration after its creditors approved a financial restructuring of the business. Atle Crowe-Maxwell of DBA Advisory was appointed administrator on 20 November after the company faced a challenging period, citing ill-timed expansion in the face of declining consumer demand. Under the terms of the DOCA, control of the business has been returned to Dainton’s management, headed by CEO Dan Dainton, who noted that operations and employees had not been impacted by the administration.