Confectionery manufacturer Betta Foods collapses into voluntary administration

 In Australia, NewZealand
A Melbourne confectionery manufacturer that has been operating for 60 years has collapsed into voluntary administration just months after being acquired by international investment firm Re:Capital.
Betta Foods is home to liquorice brand Capricorn and also supplies ice cream cones, marshmallows and jelly lollies to major retailers including Coles, Woolworths and ALDI.
Bruno Secatore, Daniel Juratowitch and Glenn Spooner of Cor Cordis were appointed as administrators on Tuesday, just days after sister company century-old chocolatier Ernest Hillier, purchased by Re:Capital in 2014, also plunged into voluntary administration.  SmartCompany – Read more…

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