Beston Global Food, the ASX-listed group behind the Edwards Crossing Cheese Company and Mables brands, has collapsed into administration after one of Japan’s biggest dairy producers walked away from a deal to buy its assets.
KPMG had now taken control of the business, which has 160 employees in its South Australian factories, which also produce milk and butter.
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Simon Evans writes on business specialising in retail, manufacturing, beverages, mining and M&A. He is based in Adelaide. Connect with Simon on Twitter. Email Simon at simon.evans@afr.com
