Australian food and beverage group calls in administrators
Financiers for Mildura-based Neqtar Australia have called in receivers PriceWaterhouseCoopers.
The move was made on Friday, with Neqtar Wine and SDS Beverages to continue operating as normal until a purchaser is found. The company, which employs around 100 staff, is in charge of the Roberts Estate Winery and their SDS Beverages group is the largest exporter of vegetable concentrates in the Southern Hemisphere.
SDS has contracts with a number of leading food groups including Coca-Cola Amatil, Unilever, Kellogg’s, Campbell’s, Parmalat and Arnott’s, according to their website.
One of the receivers called in, Paul Kirk from PwC, told Sunraysia Daily that they were confident buyers could be found for both the wine and vegetable concentrates businesses.
“We’re very hopeful of finding buyers for both,” he advised. “These are big, solid businesses and we’re going to be doing our best to ensure they’re around for a very long time.”
THE Australian Government has joined business leaders to support industry leadership in reducing pac...
Australia’s largest macadamia processors and marketers today relaunched under the new brand Marquis...
Australian dairy co-operative Murray Goulburn has announced that it has been bought by Saputo for A$...
The Australian Taxation Office (ATO) has reminded businesses that pay contractors for certain servi...
All around the world, people use snacks to cope with stress and, with the Covid-19 situation ongoin...
The Australian Competition and Consumer Commission will not oppose Saputo’s acquisition of Saputo af...
Piper Alderman today announced it is representing group members in proposed class action proceeding...
A new study from Roy Morgan Research has found shopping trolley and supermarket receipt advertising ...