An oversupply of chicken meat has been blamed for the collapse of Tasmanian agrifood business TasFoods.
The ASX-listed company and its subsidiaries fell into the hands of administrators KPMG Australia on Wednesday.
Over several years, the company bought several established family owned food companies and expanded them.
But it has struggled to make a profit and sold most of them off.
Last year, TasFoods sold Pyengana Dairy. (ABC News: Laurissa Smith)
Among the subsidiaries are Nichols Poultry, a chicken farming operation based in Sassafras, Nichols Hatchery, Van Diemen’s Land Dairy, Tasmanian Food Co Dairy, and JJJBSM.
The administrators are now in control of TasFoods’ assets, trading and day-to-day running.
“TasFoods highlights premium…