Melbourne-based confectionery manufacturer, Betta Foods, has been placed in voluntary administration, just months after being purchased by Re:Capital.
Betta Foods manufactures liquorice, ice cream cones, marshmallows, and jellies and supplies its products to retailers including Coles and Woolworths.
Accounting firm, Cor Cordis, was appointed as the voluntary administrator on January 20.
Betta Foods’ administration follows the collapse of Australia’s first chocolate manufacturer, Ernest Hillier, which was also placed in voluntary administration earlier this month.
Hillier’s, founded in Sydney in 1914 by an English ex-pat, Ernest Hillier, is Australia’s oldest chocolatier and stocks its sweet chocolate treats at David Jones, Coles, and Myer.
The first creditors meeting for Betta Foods will be held on January 29.
