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Happy Valley Nutrition has gone into voluntary administration, appointing Andrew Grenfell and Kare Johnstone of restructuring and advisory firm McGrathNicol.
The announcement, made on the Australian Stock Exchange, takes effect on July 5.
The statement said that the administrators are undertaking an urgent review of HVN.
HVN chair Kevin Bush said the announcement is disappointing.
HVN was able to continue during the extremely challenging covid period where New Zealand was in lockdown for nearly three years which materially impacted our ability to progress the project.
Post-covid saw a material change in the dairy industry, particularly in HVNs original ambition within the infant formula market, which is now seein…
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