Penrice Liquidation

Jul 31 2014

News

Thomson Geer has acted for the liquidators of Penrice Soda Products Pty Ltd and 10 other group companies.

This is the largest insolvency administration in SA since 2001 and one of the largest in Australia, with secured and unsecured liabilities totalling over $200 million.

Penrice was an ASX listed entity which entered into Administration in April 2014 and liquidation in July 2014. The Liquidators sold an operating mine to Adelaide Brighton Cement Ltd in 2014 and continue in office dealing with a large industrial site at Osborne, South Australia and also an investigation into the company’s affairs prior to its collapse.