Care A2 Plus lender applies to wind up baby formula minnow

Max Mason and Carrie LaFrenz

May 14, 2024 – 9.00am

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Care A2 Plus faces the prospect of being wound up amid a long-running dispute with a lender that alleged the infant formula manufacturer defaulted on a $2.2 million loan.

Care A2 Plus, one of a few companies handed a lucrative licence to import infant formula into the United States, became embroiled in a dispute with a subsidiary of Gemi Investments, which secured a 2021 loan to the baby formula company against a property in Melbourne.

Max Mason covers financial crime, courts and corporate wrongdoing. A Walkley Award winner, Max’s journalism has also received awards from the National Press Club of Australia, the Kennedy Awards and Citibank. Message Max on Signal https://tinyurl.com/MaxMason

Carrie LaFrenz is a senior journalist covering retail/consumer goods. She previously covered healthcare/biotech. Carrie has won multiple awards for her journalism including financial journalist of the year from The National Press Club.