Business
Freedom Foods looks to hive off muesli, seafood units – The Australian Financial Review
All options are on the table for the troubled Perich-backed snacks and dairy group, which is due to update the market later today.
One source estimated that this could fetch between $30 million and $50 million, which might include a possible sale of its factory in Leeton, Victoria.
One main issue it outlined in its half-year accounts, and pointed out by one source, was the capacity under-utilisation.
“It had trouble filling capacity because competitors do not want their bars to be made by someone who has their own brand,” said the source.
Freedom Foods is seeking to hive off its cereals/snacks unit as part of its renewed focus…
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