date:May 01, 2013
Creditors have decided to allow Northern Tasmanian dairy company Tamar Valley Dairy (Tamar) to continue trading, despite the Company reportedly owing up to $9 million.
Sydney-based accountants Lawler Partners met with creditors in Launceston last Friday to ask for up to four months of breathing space for Tamar.
Tamar moved to a new $20 million factory last year, and secured a 10 year-supply contract with Coles.
The Companys Managing Director, Archie Matteo, told The Australian that the Company