TasFoods and its popular Nichols Poultry brand have been saved from collapse after creditors voted to sell the business to RAMP Tasmania Poultry.
The deal ends three months of uncertainty after the food and beverage company entered voluntary administration, having burned through its cash reserves.
All 160 Tasmanian jobs are expected to continue under the new ownership.
In March, the Tasmanian food and beverage company entered voluntary administration.
In an ASX announcement at the time, the company said following the unsuccessful attempts to sell its Nichols Poultry business, the board of TasFoods determined that voluntary administration was the most appropriate…