Pasta manufacturer buys Byron Bay Cookie Company
The Byron Bay Cookie Company, which went into voluntary administration less than a month after it entered the franchising world in February, has been sold to the Rinoldi Group.
The sale is expected to be completed by 22 July, and it includes all trademarks, as well as the properties the company operates out of in Byron Bay.
Receiver and manager of Byron Bay Cookie Company Pty Ltd, PwC Partner Derrick Vickers said he was pleased 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," he said.
Vickers acknowledged the company’s customers and suppliers for their support over recent months.
“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.”
Rinoldi Pasta Pty Ltd is one of Australia’s oldest Pasta manufacturers, and it also produces a range of snack foods that are distributed both locally and overseas.
The Byron Bay based gourmet biscuit company opened six franchised businesses in February; however it is not yet known whether it will continue down the franchising path.