9th November 2023 Sara Lee / SIO
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.
South Island Office’s growing dessert and baked goods group adds the Cadbury brand to the fold with a fresh ANZ licensing agreement.
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.
South Island Office invests $30m in its first food acquisition and says there are more deals in the pipeline.