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Largest organic milk producer in voluntary administration, owes millions – Food & Drink Business

Australias largest producer of certified organic milk, Organic Dairy Farmers of Australia (ODFA), has entered voluntary administration. It is estimated it has more than $11.5 million in debts.

The co-op is 100 per cent owned by 40 family farmers, supplying milk from three main dairy regions of Victoria, central and north-west Tasmania. It provides milk for 5am Yoghurt, Lemnos and Pure Organic Milks. It also has a milk bottling factory in Geelong where it produces butter and other dairy products. The factory employs more than 20 people.

Worrells Solvency and Forensic Accountants were appointed administrators, which has subsequently been passed to Deloitte.

Deloitte told the ABC ODFA owed National Australia Bank $8 million and unsecured …

Read the full article at: https://www.foodanddrinkbusiness.com.au/news/largest-organic-milk-producer-in-voluntary-administration-owes-millions

Category: LiquidationBy Insolvency GuardianMay 27, 2020

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Largest organic milk producer in voluntary administration, owes millions – Food & Drink Business

Australias largest producer of certified organic milk, Organic Dairy Farmers of Australia (ODFA), has entered voluntary administration. It is estimated it has more than $11.5 million in debts.

The co-op is 100 per cent owned by 40 family farmers, supplying milk from three main dairy regions of Victoria, central and north-west Tasmania. It provides milk for 5am Yoghurt, Lemnos and Pure Organic Milks. It also has a milk bottling factory in Geelong where it produces butter and other dairy products. The factory employs more than 20 people.

Worrells Solvency and Forensic Accountants were appointed administrators, which has subsequently been passed to Deloitte.

Deloitte told the ABC ODFA owed National Australia Bank $8 million and unsecured …

Read the full article at: http://www.foodanddrinkbusiness.com.au/news/largest-organic-milk-producer-in-voluntary-administration-owes-millions

Category: LiquidationBy Insolvency GuardianMay 27, 2020

Post navigation

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Christchurch restaurant may owe IRD hundreds of thousands
May 10, 2025
Duncano’s Westhill to stay open despite going bust
May 10, 2025
Aussie brides await delivery of gowns as luxury bridal brand enters administration – The Border Mail
May 10, 2025
Whatcom Roundup: Downtown shop closing; Rite Aid bankruptcy; Joann liquidation sale – Bellingham Herald
May 10, 2025
Scottish Institute goes into liquidation
May 10, 2025
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