The co-founder of Bounce Foods has confirmed the Australian protein snacks maker has gone into voluntary administration.
Andy Hannagan, who set up the Erina, New South Wales-based business in 2004 with his wife Paula, cited the ongoing debt burden and trading conditions for the decision to enter the administration process.
In a post on LinkedIn, he said: This was a difficult decision but it was the right one for the company at this time. We are confident from the interest in the market that a new owner will be able to take the brand to the next level.
Bounce Foods produced a range of snacks such as filled protein balls, protein and energy bars and cookies. The company also offered keto good fat bars. Its p…
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