Australian health food company enters administration

Australian health food company enters administration
An Australian well being meals firm goes into voluntary administration.
Halo Food Co Limited – which manufactures well being, vitamin and sports activities merchandise in each Sydney and Melbourne – went into administration on August 24.

David Hardy, Ryan Eagle and Emily Seeckts from OkPMG Australia had been appointed because the receivers of the corporate and its entities the subsequent day.

The Halo Group manufactures well being, vitamin and sports activities merchandise in each Sydney and Melbourne.  (Halo Food Co)

“The receivers have now assumed day-to-day control of the Halo Group,” KPMG stated in an announcement to 9News.

“An immediate sale campaign to recapitalise or acquire the assets of Halo Group has commenced.”

The firm owns a number of manufacturers together with The Healthy Mummy, a wellness model for moms; fudge firm Gran’s; and efficiency drink Tonik.

Halo Food Co Limited sells merchandise in supermarkets nationally, and in addition exports its merchandise to New Zealand, China, Hong Kong, Taiwan, Vietnam and the Middle East, in accordance with the model’s web site.

“We are stabilising the operations of the Halo Group and in parallel will be undertaking an expedited sale process,” Hardy stated.

“The Halo Group offers interested parties immediate scale, proprietary brands and a ready-to-go customer base.

“We can be working with all stakeholders to realize an optimum consequence.”

Source: www.9news.com.au