Tasmanian food and beverage company TasFoods has entered voluntary administration.
In an ASX announcement, the company said following the unsuccessful attempts to sell its Nichols Poultry business, the board of TasFoods determined that voluntary administration is now the most appropriate way to restructure the group.
“Control of the group now rests with the administrators who intend to continue to trade on a business-as-usual basis while options for a going concern sale or recapitalisation are explored,” it said.
The letter said the board had taken every step it could to find a buyer for the Nichols Poultry business.
“We continue to urge…