Top Shelf International Sells Campbellfield Facility to Streamline Operations

Top Shelf International Holdings Ltd (ASX: TSI), a premium Australian spirits company known for brands like NED Whisky and Grainshaker Vodka, has finalized the sale of its Campbellfield production facility to Idyll Wine Co Pty Ltd for AU$8 million. The transaction, set for completion in March 2025, includes operational assets such as canning, bottling, and distilling equipment, excluding the Somerton whisky maturation facility. The proceeds will help reduce company debt and settle outstanding ATO excise liabilities. Post-sale, Top Shelf plans a co-packing arrangement with Idyll to continue production of its branded products. The move aligns with the company’s strategic focus on innovation and growth, particularly through its pioneering agave spirit range being developed at a cutting-edge farm in the Whitsundays. This transition reflects Top Shelf's commitment to operational efficiency while expanding its footprint in the premium spirit’s market.

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