Franks said if nobody purchased Olivado’s operating assets then no one would process much of the fruit which did not reach export or retail quality. He said the price paid for the business was confidential.
In January, Seeka joined court proceedings against Olivado.
Franks today said aspects of the case had been “disappointing” but any ongoing legal action was strictly a matter for liquidators.
AdvertisementAdvertise with NZME.
He said he was happy Olivado staff would keep their jobs.
At the time of liquidation, Olivado was still trading, still operating as an avocado and olive oil processor and supplier, and employed seven people.
“To be fair to them, they’ve been dedicated, because they’ve stayed with the business through this…
