Despite three strong years of growth and consecutive record macadamia crops, north coast nut company Macaz has stopped processing and is in voluntary administration.
More than 40 farmers, dozens of businesses, and three Chinese companies are owed more than $4 million by the Alstonville-based business.
Schon Condon from the Condon Associates Group has been appointed administrator.
Mr Condon said his first job would be to see whether the business could become operational again and preserve value for creditors.
“I have got to satisfy mysel…
Read the full article at: http://www.abc.net.au/news/2016-12-21/macadamia-processor-in-voluntary-administration/8139110