PPB Advisory, a leading professional advisory firm in Australia and New Zealand, has announced the appointment of Daniel Walley and David McEvoy as receivers of BSF Ermington Pty Ltd (formerly known as Big Sister Foods Pty Ltd), Miss Muffin Pty Ltd and associated entities (together “Big Sister Foods”).
According to the media release by PPB Advisory, the receivers’ appointment follows the appointment of Deloitte as Voluntary Administrators by the directors.
Big Sister Foods is a manufacturer and wholesaler of fruit cakes, fruit mince pies, glacé cherries, muffins and cupcakes. It is a supplier to major supermarket chains.
The iconic Australian business was established in 1945 and now has around 100 employees in its two manufacturing sites in Ermington and Taren Point, New South Wales.
“We are undertaking an urgent review of the business with a view to preparing Big Sister Foods for sale as a going concern. We will work with all stakeholders including employees and their representatives, customers and suppliers to ensure the business continues to operate effectively,” said Daniel Walley of PPB Advisory.
“We are keen to talk to any parties that may be interested in the opportunity to acquire all or part of this business.”
PPB Advisory also announced that it will inform all stakeholders, including creditors, employees and investors on any developments via the creditors section of its official website or by letter as soon as practicable.
The company is a leader in providing strategic operational and financial advice to companies, financial institutions and government bodies.
For more information about PPB Advisory, visit their official website at www.ppbadvisory.com