Confectionery manufacturer enters voluntary administration
Melbourne confectionery manufacturer Betta Foods has appointed chartered accounting firm Cor Cordis as voluntary administrators. However, the administrators stress that it’s business as usual for the company, which manufactures liquorice, ice-cream cones, marshmallows and jellies.
“We are confident that the business can be sold as a going concern, which will result in the preservation of jobs and ensures the future of this important Australian-based manufacturer,” said Bruno Secatore of Cor Cordis.
“In the meantime, the company is continuing to trade so it will be business as usual while we meet with the company’s management, customers and suppliers.”
The company has an annual revenue of approximately $40 million and employs 180 staff at its Broadmeadows manufacturing plant. A creditors meeting will be held on 30 January.
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