Annie's put back on the market

CATHIE BELL
Last updated 12:02 01/01/2014
Annie Giles
Annie Giles

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Marlborough fruit leather manufacturer Annie's did not sell before Christmas as hoped, the receivers say.

Since being placed in voluntary receivership in September, the company has been on the market, with offers being put forward by interested parties in November.

But receiver John Fisk, from Wellington-based PricewaterhouseCoopers, said yesterday the receivers had been unable to conclude a sale with the party that made the best offer.

"Unfortunately that means we are back to looking for a purchaser for the business in the new year."

Mr Fisk said "a range of things" had stopped the deal going through, but he was not able to go into the details.

"On the bright side, it provides an opportunity for other interested parties to have another chance at purchasing the business."

Annie's, in Grovetown, went into voluntary liquidation with the loss of 30 jobs in September. Owners Annie and Graeme Giles put the company into receivership after an American customer refused an order of 4 million bars because of a labelling problem.

In October Mr Fisk said there was a "good level of interest" in the business, with a mix of local and international interest.

"It's well-liked by the market."

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- The Marlborough Express

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