Gourmet ready-meal and pantry goods delivery service CoLab has been rescued from voluntary administration by a melbourne-based meals platform that was founded during the COVID-19 pandemic.
Efoodz managing director Andy Lam confirmed to SmartCompany this morning that his business has acquired the assets of CoLab and intends to continue running the business as usual, while focusing on improving its profitability.
The cash deal, the price of which is undisclosed, includes CoLab’s intellectual property, digital infrastructure, technology, database and some assets from CoLab’s Melbourne and sydney offices.
On Monday, small businesses that supplied their products to CoLab were informed of the sale via an email from administrators at Ernst & Young, and told the new owners may want to speak to them about once again stocking their products.
In that email, seen by SmartCompany, EY administrators Morgan Kelly and David Kennedy said they expect the sale to be completed by April 28.
Three weeks ago, those same suppliers were asked to collect unsold stock from CoLab, following the appointment of Kelly and Kennedy on Monday, March 27. The remaining stock that was supplied to CoLab on consignment will be transferred to the new…
