The 159 workers and 22 dairy farmers have been in limbo since the company went into voluntary administration in September.
Milk production will end on December 6 and the infrastructure at Jervois and Murray Bridge will be auctioned off.However, in a statement a KMPG spokesperson said due to significant trading losses being incurred on a weekly basis the administrators were not able to fund the business beyond November 30.
"Ultimately, the sales process has failed to secure a buyer in the time frame required given the trading losses being incurred. "However, the South Australian dairy farmer is nothing if not resilient and SADA will find other mechanisms to assist their members in protecting their interests into the future."
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