- Major food company went bankrupt
- As a result, around 500 jobs are at risk.
A farming company with operations across Australia has gone into voluntary administration, putting around 500 jobs at risk.
HS Fresh Food, which specializes in fresh salads, ready meals, snacks, takeaways and prepared vegetable products, collapsed on June 14, and FTI Consulting administrators Vaughan Strawbridge, Joanne Dunn and Ben Campbell were hired to restructure . the company in trouble.
The company’s brands include Houston’s Farm, Sunfresh and Gourmet Selections, and its products are shipped to major retailers including Coles and Woolworths.
According to its LinkedIn profile, the company has between 500 and 1,000 employees.
In a statement on Monday, administrators said they would look to restructure or sell the business while operations continue, meaning the company will continue to operate and workers will keep their jobs during the administration process.
A farming company with operations across Australia has gone into voluntary administration, putting around 500 jobs at risk.
“We are working with HS Fresh Food Group management team and staff and other stakeholders to continue operations while securing the future of the business,” Strawbridge said.
‘At the time of our appointment, a sale process of the business and assets of the HS Fresh Food group was being carried out and was in an advanced stage. “We intend to continue this process, whilst exploring all available options, and are confident of completing a sale and/or recapitalization of the business within an accelerated timeframe with the support of all relevant stakeholders.”
The company began in Tasmania as Houston’s Farms before expanding to operations in New South Wales, South Australia, Queensland and WA.
The company’s brands include Houston’s Farm, Sunfresh and Gourmet Selections, and its products are shipped to major retailers including Coles and Woolworths.
