STAFF WRITERS
December 03, 2012
news.com.au
AFTER more than 100 years in operation, the company which owns Aussie tomato sauce brand Rosella has gone into receivership.
Food manufacturer Gourmet Food Holdings and Waterwheel was placed into receivership following the appointment of voluntary administrators on Friday.
Receivers Ferrier Hodgson said they will be undertaking an “urgent assessment†of the financial position of the group.
“We will be engaging in discussions with key stakeholders including employees, customers and suppliers to determine whether operations can be continued,†said partner Steve Sherman.
An expressions-of-interest campaign will be launched in the next 24-48 hours to find potential buyers for the group or its individual businesses, which as well as Rosella include Pitango based in Auckland, NZ and Waterwheel based in Danendong, Victoria.
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