Australian distiller Top Shelf International has been acquired from administration by the newly-formed Blue Sky Drinks Co. – which has also bought local RTD business Gravity Drinks. The publicly-listed Top Shelf appointed administrators in August to explore a recapitalisation or sale of the Grainshaker vodka business. The financial terms of Blue Sky’s acquisitions of Top Shelf and Gravity Drinks were not disclosed. Mick Spencer and Liam Battye, two of Gravity Drinks’ founders, are joining the new busine ...