Turkey processor, Goldfields Turkeys will wind down and organic poultry company Inglewood Farms has gone into receivership.

Poultry companies founder

11 July 2013

Two Australian poultry processors, Inglewood Farms and Goldfields Turkeys, have flown into financial trouble.

Inglewood Farms, a subsidiary of RM Williams Agricultural Holdings that employs 100 people and supplies about 80 per cent of Australia's organic poultry market, has gone into receivership, owing at least $60 million.

The south-east Queensland business, which processes 27,000 birds a week, will be managed by receivers from PPB Advisory who will continue to operate the company and try to find a buyer.

Victorian turkey grower and processor, Goldfields Turkeys, has announced it is winding down its operations due to reduced financial viability resulting from higher costs and greater competition, according to a report in The Weekly Times.

Goldfields Turkeys, which employs around 50 people, says it will continue to process birds up until October and will then continue to maintain sales up to and possibly beyond Christmas.