Coca-Cola Deals 159-Year-Old Iconic Brewery a Lifeline

Billson’s Brewery is out of the red as drinks giant Coca-Cola steps in months after the business went into voluntary administration.

FILE - This June 30, 2014, file photo shows cans of Coca-Cola in the refrigerator of Chile Lindo in San Francisco. On Thursday, March 24, 2016, Coke said it spent more on health research and partnerships than it previously disclosed as part of its push to be more transparent. The world's biggest beverage company first disclosed its spending on various health-related efforts in the U.S. after coming under fire for its funding of the Global Energy Balance Network, a group that said its mission was to fight obesity. That group has since disbanded. AP Photo/Jeff Chiu, File

Nearly five months after going into voluntary administration, the 159-year-old Billson’s Brewery in Victoria has been handed a lifeline by Coca-Cola.

Brewery owners Nathan and Felicity Cowan broke the news on social media on Dec. 20.