Two years after McCain Foods sold the Sara Lee business in Australia and New Zealand, the frozen desserts supplier has gone into administration.
FTI Consulting was appointed administrator on 17 October, with the process to be overseen by Vaughan Strawbridge, Kathryn Evans and Joseph Hansell. Sara Lee will continue to operate as FTI seeks a restructuring and sale.
Sara Lee, based in Lisarow, New South Wales, has had a presence in Australia since 1971, supplying frozen cheesecakes, pies, crumbles and ice cream under a trademark licensing agreement. The business also has rights to market its products in New Zealand, South-east Asia and the Middle East, according to FTI.
Strawbridge s…
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