Rinoldi buys Byron Bay Cookie Company
Receiver and Manager of Byron Bay Cookie Company Pty Ltd, PwC Partner Derrick Vickers, yesterday announced the business is being sold to the Rinoldi Group.
The sale, which is expected to be completed on 22 July, 2013, includes all trademarks and the properties the Company trades from in Byron Bay.
Mr Vickers said he was pleased that the business will be sold as a going concern to an established Australian food manufacturer.
“The sale of Byron Bay Cookie Company to Rinoldi is great news for Byron Bay, the business and its employees, as well as its suppliers and customers. It also helps secure the future of an iconic Australian food brand.”
“PwC will work with the new purchasers over the coming weeks to ensure a smooth transition.”
“I would like to take this opportunity to thank all the loyal customers and suppliers for their support since we were appointed because without them we would not have been able to continue trading and achieve this outcome,” Mr Vickers said.
Rinoldi Pasta Pty Ltd is one of Australia’s oldest and leading manufacturers of Pasta products. Originally founded as a pasta manufacturer in 1878, the company has continued to grow into export markets, and also produces a range of snack foods.
The Rinoldi Group, with its national manufacturing and distribution operations and a track-record in exports, is in a good position to grow the Byron Bay Cookie Company business in both its current market segments and export markets.
Creditors of the Byron Bay Cookie Company Pty Ltd should continue to deal with the Liquidator regarding outstanding claims.