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TasFoods entered voluntary administration on March 11, 2026, due to financial losses and industry competition, with KPMG managing operations.
TasFoods, a Tasmanian food company, entered voluntary administration on March 11, 2026, due to ongoing financial losses, including a $10.45 million deficit in 2024, amid intense poultry industry competition.
KPMG has taken over operations to explore a sale or recapitalization, while maintaining staff employment and payments.
The company, which owns Nichols Poultry, has sold off several assets and faced failed sale attempts.
A first creditors’ meeting is set for March 23, and the company is seeking government support to stabilize operations.
Its 2025 annual report remains delayed, and shares have been suspended since February 2024.
TasFoods entró en administración voluntaria el 11 de marzo de 2026, debido a las pérdidas financieras y a la competencia de la industria, con KPMG administrando las operaciones.