HS Fresh Food goes into voluntary administration: Company that supplied Coles and Woolworths goes bust with 500 jobs at risk
- A major food company went bankrupt
- This puts approximately 500 jobs at risk
An agricultural company with operations across Australia has gone into voluntary administration, putting around 500 jobs at risk.
HS Fresh Food, which specializes in fresh salads, ready meals, snacks, food-to-go and ready-to-eat vegetable products, went into administration on June 14 when FTI Consulting administrators Vaughan Strawbridge, Joanne Dunn and Ben Campbell were brought in to restructure the company. troubled company.
The company’s brands include Houston’s Farm, Sunfresh and Gourmet Selections, whose products are shipped to major retailers including Coles and Woolworths.
According to the LinkedIn profile, the company has between 500 and 1,000 employees.
In a statement on Monday, administrators said they would seek to restructure or sell the company while continuing operations. This means that the company will continue to trade and employees will keep their jobs during the administration process.
An agricultural company with operations across Australia has gone into voluntary administration, putting around 500 jobs at risk
“We are working with the management team and staff of HS Fresh Food Group and other stakeholders to continue operations while securing the future of the business,” Mr Strawbridge said.
‘At the time of our appointment, a sale process for the activities and assets of the HS Fresh Food Group had been initiated and was at an advanced stage. We intend to continue this process as we explore all available options and are confident that we can complete the sale and/or recapitalization of the company in an accelerated timeframe, with the support of all relevant stakeholders.”
The company started in Tasmania as Houston’s Farms before expanding to operations in NSW, South Australia, Queensland and WA.
The company’s brands include Houston’s Farm, Sunfresh and Gourmet Selections, and its products are shipped to major retailers including Coles and Woolworths.