30th January 2024 Sara Lee / SIO
A private Australian company co-owned by a former race car driver with FMCG turnaround experience is taking over the frozen dessert manufacturer.
The 52-year-old business in Australia owes about A$50m – A$55m.
The NZ-owned firm has gone into voluntary administration in Australia, with a sale or restructuring the preferred options for the 53-year-old business.
Chapman Tripp has confirmed that Christchurch investment group the South Island Office paid A$95m ($100.25m) to buy dessert company Sara Lee from McCain Foods.
© 2024 Business Media Network Ltd
Website by Webstudio