date:May 01, 2013
s financial troubles were a short-term liquidity problem caused by a six-month delay in getting its new factory finished. The delay meant Tamar had not been able to fill the Coles contract.
The Company, which is a family-operated company, was also reportedly fielding offers of up to $8 million from other Australian food companies to help it overcome its debts.
Victorian dairy company Bulla was reported to be among the companies offering to take an equity stake in Tamar. Tamar was also reported