Kegstar, a keg rental business once owned by the ASX-listed Brambles, is pouncing on rival Konvoy Kegs’ pain in an attempt to boost its market share Down Under.
Street Talk can reveal Kegstar, owned by Denver-headquartered giant Microstar Logistics, has submitted a non-binding indicative bid to McGrathNicol’s Melbourne-based partners Keith Crawford and Rob Smith, who were appointed as receivers by Konvoy’s lender Aquasia on March 11 as the start-up hit a cash crunch.
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