The Byron Bay Cookie Company, which entered into voluntary administration in March, has finally found a buyer.
The biscuit manufacturer is to be sold as a going concern to an established Australian food manufacturer Rinoldi Group, owner of Rinoldi Pasta, a manufacturer of pasta products.
“The sale of Byron Bay Cookie Company to Rinoldi is great news for Byron Bay, the business and its employees, as well as its suppliers and customers. It also helps secure the future of an iconic Australian food brand,” said Byron Bay Cookie Company's receiver, PwC partner Derrick Vickers.
“I would like to take this opportunity to thank all the loyal customers and suppliers for their support since we were appointed because without them we would not have been able to continue trading and achieve this outcome,” Vickers said.
He said PwC will work with the new purchasers over the coming weeks to ensure a smooth transition. The sale is expected to be completed on 22 July.
Rinoldi Pasta was founded in 1878, and the company has continued to grow into export markets, and also produces a range of snack foods.
According to PwC, The Rinoldi Group is in a good position to grow the Byron Bay Cookie Company business in both its current market segments and export markets, thanks to its national manufacturing and distribution operations and a track-record in exports.
The Byron Bay Cookie Company has been sold as a going concern to Rinoldi Group.
