Core Insights - Australian distiller Top Shelf International has been acquired from administration by Blue Sky Drinks Co, which also purchased Gravity Drinks [1] - The financial terms of the acquisitions were not disclosed [1] Company Developments - Top Shelf appointed administrators in August to explore recapitalisation or sale options for its Grainshaker vodka business [1] - Mick Spencer and Liam Battye, founders of Gravity Drinks, are joining Blue Sky Drinks Co, with Spencer as executive chairman and Battye as head of operations [2] - Gravity Drinks was established in 2022 and focuses on "better-for-you" ready-to-drink (RTD) beverages, with listings through Endeavour Group and Coles [2] Strategic Vision - Spencer expressed pride in Gravity's achievements and excitement for future prospects, emphasizing a focus on customers and suppliers [3] - Ray Noble, a former executive from Beam Suntory and Sazerac, will join the board of Blue Sky Drinks Co, highlighting the blend of local craftsmanship and modern energy in the company's brand lineup [4] Financial Context - Top Shelf's restructuring plan included a proposed A$10 million (approximately $6.5 million) capital raise and a co-packing deal with Idyll Wine [4] - In May, Top Shelf sold its Campbellfield production facility to Idyll Wines for A$8 million [5] - The company's shares have been suspended from trading since September last year due to the failure to file audited financial results for FY24 [5]