South Australian dairy producer Beston Global Food Company goes into voluntary administration

  • 📰 7NewsMelbourne
  • ⏱ Reading Time:
  • 22 sec. here
  • 9 min. at publisher
  • 📊 Quality Score:
  • News: 36%
  • Publisher: 59%

News Notícia

Business,Agriculture,Business

7NEWS brings you the latest local news from Australia and around the world. Stay up to date with all of the breaking sport, politics, entertainment, finance, weather and business headlines. Today's news, live updates & all the latest breaking stories from 7NEWS.

South Australian dairy producer Beston Global Food Company said it had experienced “a perfect storm of adverse events” prompting it to go into voluntary administration. The company is one of the largest exporters of dairy products from South Australia, employing 159 people in the state. It is well known for award-winning cheese products, whey, and high purity lactoferrin protein that is sold to pharmaceutical and health nutraceutical companies.

” There are fears Beston Global Food company’s collapse could devastate local dairy farmers, who may also be forced to close down as a result. The South Australian Dairyfarmers’ Association said several farmers were owed more than $600,000 each. Accounting firm KPMG was appointed voluntary administrator of the company and said business would continue as usual until recapitalisation was completed, or a sale secured.

 

Obrigado pelo seu comentário. Seu comentário será publicado após ser revisado.
Resumimos esta notícia para que você possa lê-la rapidamente. Se você se interessou pela notícia, pode ler o texto completo aqui. Consulte Mais informação:

 /  🏆 18. in BR

Brasil Últimas Notícias, Brasil Manchetes

Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.

South Australian dairy Beston Global Food Company goes into voluntary administrationAbout 22 farmers and 159 workers at the company's Jervois and Murray Bridge sites will be affected by the development.
Fonte: abcnews - 🏆 5. / 83 Consulte Mais informação »