Melbourne-based confectionery manufacturer, Betta Foods, has entered voluntary administration, just three months after being acquired by British Private Equity firm Re: Capital.
Betta Foods, which operates under the Capricorn brand producing ice cream cones, Eskimo marshmallows and jellies, has revenues of approximately $40m per year and employes 180 people at its Broadmeadows plant. The company was established in 1954 and supplies Coles, Woolworths and Aldi stores and also exports to New Zealand, Canada, the United Kingdom and…
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