Australia-based salad supplier HS Fresh Food has recently appointed administrators, as reported in a filing with the Australian Securities & Investments Commission. The company operates in Tasmania, Western Australia, and New South Wales and has around 500 employees. They specialize in manufacturing salad bowls, packaged salads, and pre-made meals that are distributed to major retailers like Woolworths and Coles, the two largest grocers in Australia.
The challenging market conditions led to the collapse of HS Fresh Food. Administrators from FTI Consulting are now working closely with the management team, staff, and other stakeholders to continue operations while securing the future of the business. Efforts are being made to sell the business and assets of HS Fresh Food through an advanced sale process to ensure a smooth transition and potential recapitalization.
The company’s products are marketed under various brands such as Houston’s Farm, Sunfresh, Gourmet Selections, and HS Fresh Farms. Starting its journey as Houston’s Farm in Tasmania, the company has since expanded its operations across Australia.
In the midst of these developments, HS Fresh Food emphasizes the importance of staying up to date with industry insights. By signing up for their daily news round-up, businesses can gain a competitive edge and access leading industry trends in the food and beverage sector. Stay ahead of the curve and make informed decisions by subscribing to their newsletter.
As the situation unfolds, FTI Consulting remains committed to navigating the challenges faced by HS Fresh Food. By exploring all available options and engaging with relevant stakeholders, they aim to facilitate a speedy sale and/or recapitalization process for the benefit of all parties involved.
