Business
Freedom Foods seeks to offload stock, provision may rise – The Australian Financial Review
The troubled manufacturer’s advisers have nearly completed their investigations, with a final report into a $60 million stock bungle due in coming weeks.
Freedom Foods confirmed it was working on options to salvage some of the stock, but declined to comment on any commercial negotiations.
Industry sources suggested ProviCo Rual (Protein Vitamin Company) which manufactures fortified calf milk replacers as a possible buyer of this stock, which was denied by managing director Andrew Paterson.
“The company is working to assist Freedom in the management of dry goods milk powder inventory, but we are not involved in the recovery of any UHT milk produ…
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