Halo Food Co has gone into liquidation five months after it entered voluntary administration. It was the owner of The Healthy Mummy, Tonik functional beverages and bars, milk powder manufacturer Key Dairy, and confectionery brand Gran’s.
Korda Mentha was appointed administrator in August last year just weeks after the company sold The Healthy Mummy to healthcare platform Mosh for $588,540. Halo had acquired the health and wellness brand 18 months earlier in February 2022 for $17 million.
KPMG remains in day-to-day control of the assets and trading operations; it was appointed receivers and managers when Halo went into voluntary administration.
In October, KordaMentha negotiated the sale of Halo's Sydney operations to health and wellness company, Body Science, a subsidiary of Swedish firm Humble. It said the purchase would ensure Halo employees could keep their roles.