Business

Bundy’s new brew is everyone's to share

LOCAL RUM: Distiller Rick Prosser with the first of the Waterview Limited 100 silver edition at Schmeiders Cooperage.
LOCAL RUM: Distiller Rick Prosser with the first of the Waterview Limited 100 silver edition at Schmeiders Cooperage. Mike Knott

PAPERWORK will be finalised today to allow Bundaberg's newest distillery to offer shares to the public.

Waterview Bundaberg brand manager Rick Prosser said the shares would be offered to the public early in the new financial year.

He said the company would be a public non-listed company.

Mr Prosser said the company could list on the stock exchange later, but at this stage it was not big enough.

The news came as Bundaberg Rum announced plans to move some of its operations to Sydney.

Mr Prosser is a former Bundaberg Rum master distiller.

"We've basically got everything in place," he said.

Mr Prosser said even if the share offer was under-subscribed it did not mean the company's operations would stop.

"We'll still be able to carry on," he said.

Waterview Bundaberg, which is being funded initially by businessman Matthew Drane, has secured premises near Schmeider's Cooperage and has already brought in 70 250-litre barrels.

Mr Prosser said rum would be only one of its products, with whisky and vodka also in its sights.

"We will be producing vodka that will be flavoured and carbonated vodka," he said.

"The first release to the public will be in a couple of months.

"Then we will go into mainstream products."

Mr Prosser said at this stage the minimum buy for shares would be set at $2000 each, with each share priced at about $40.

Marketing of the shares would be handed over to a brokerage firm, and the company's focus would be very heavily on regional Queensland.

Mr Prosser said the company planned to take advantage of Bundaberg produce for flavouring.

One line of vodka, for instance, would be flavoured with chillies sourced from local firm Austchilli.

Topics:  brewing, business, rum, shares




Stay Connected

Update your news preferences and get the latest news delivered to your inbox.

'All I heard when my baby cried was ‘you’re a terrible mum'

APN Hey Mummy Feature for online - stock images of Katie Dykes. Photo Marc Stapelberg / The Northern Star

KATIE'S battle with PND is not unlike many mothers.

'I just thought all mums got no sleep'

MELTOPIA battled PND with all four of her children.

4 survival tips for mummas heading back to work

The few reminders every working mum needs to read.

Health and nutrition with kids - how do you balance it?

HOW important is health and nutrition in your household?

Smack or no smack - where do you stand?

THE debate is reignited - is smacking acceptable?

Technology and kids: Do you ever cut their wi-fi?

Check out our new video series featuring mums having a chat

Where you can vote in Bundaberg for the Federal Election

ELECTION: There are seven candidates running in Hinkler and nine in Flynn.

Where you can vote and who's running in Hinkler and Flynn

SPECIAL INVESTIGATION: Bundaberg farmers owed millions by Melbourne produce agents

TAKING A STAND: Bunbaberg sweet potato growers want to be paid. Photo: Eliza Goetze / NewsMail

Bundaberg farmers owed millions from Melbourne produce agents

Strange Politics: Your 2016 election day survival guide

Everything you need to know to ensure minimal inconvenience.

Latest deals and offers

Keith Pitt Voting in Bundaberg

BUSY DAY: Federal Member for Hinkler Keith Pitt at the Walkervale School Polling station in Bundaberg. Photo: Paul Donaldson / NewsMail

A short video of Federal Member for Hinkler Keith Pitt at the Walkervale School...

PCYC Performing for Nanning Delegates

GARDEN PERFORMANCE: Nanning delegates talk to PCYC Blazers coordinator Trevor Standfast at the Botanical Gardens Bundaberg. Photo: Paul Donaldson / NewsMail

A short video of the PCYC Blazers performing their Lion Dancing for the Nanning...

Bundaberg Regional Budget

BUDGET PLAN: Council released the regional budget today at the Bundaberg Council Chambers. Photo: Paul Donaldson / NewsMail

Mayor Jack Dempsey talks about the budget for the Bundaberg Region.

Burnett Heads housing development approved

COUNCIL APPROVED: A Burnett Heads housing development has been approved by Bundaberg Regional Council. Photo Contributed

Councillors approved the development seven votes to four

Three bedroom, 1100sqm block: Is this Qld's cheapest home?

BARGAIN BUY: Is this North Bundaberg property the cheapest home in Queensland?

Becoming a real estate mogul is all about risk and reward