Halo health food company that makes wellness products for mums suddenly collapses
An Australian company that produces maternal wellness products and a range of handmade fudge has gone into receivership.
Halo Food Co Limited, trading on the ASX as HLF, has entered into administration, with David Hardy, Ryan Eagle and Emily Seeckts of KMPG Australia appointed as trustees last Friday.
In a statement on the ASX on Friday, it was also announced that KordaMentha has been appointed as volunteer trustees.
Halo Food Co Limited has gone bankrupt
“The trustees have now taken over day-to-day control of the Halo Group,” said a KPMG spokesperson.
“An immediate sales campaign has been launched to recapitalize or acquire Halo Group’s assets.”
Halo Food is the parent company of a number of entities including Halo Manufacturing Pty Ltd, Halo Food Co. Trading Pty Ltd and Omni Brands Pty Ltd.
Brands under Halo Food include The Healthy Mummy, which produces wellness products for mothers, “premium functional beverage brand” Tonik, powdered milk producers Key Dairy, and Gran’s upscale fudge makers
Brands under Halo Food include The Healthy Mummy, which produces wellness products for mothers, the “premium functional beverage brand” Tonik, powdered milk producers Key Dairy and Gran’s luxury fudge makers.
Based in Sydney and Melbourne, Australia and Christchurch, New Zealand, Halo Food Co. an established brand owner and manufacturer and exporter of formulated dairy and non-dairy food products and health and wellness brands,” according to the Halo Food website.
By the time trading on HLF shares ceased Thursday morning, the share price was just $0.007.