Organic Dairy Farmers of Australia has gone into voluntary administration following increased pressure from the coronavirus pandemic.
The dairy co-operative was taken over by Scott Andersen and Ivan Glavas of Worrells Solvency and Forensic Accountants on May 15.
Based in Geelong, Organic Dairy Farmers of Australia is the largest producer of certified organic milk in Australia.
ODFA was established in 2002 and remains 100 per cent owned by more than 40 family farmers who supply fresh, organic milk from three main dairy regions of Victoria, as well as central and north-west Tasmania.
ODFA produces the brand True Organic and its farms are Australian Certified Organic, with many also Chinese-certified.
Worrells says all ODFA operations are trading and all employees are continuing in their respective roles.
The combination of a contracting Chinese market, delayed sales and the impact of COVID-19 resulted in the ODFA directors appointing Worrells to work through business challenges.
Mr Andersen said he understood the potential for the co-operative and had a strategy for long-term success.
“Our goal, together with the co-operative’s directors, management and members, is to ensure that this integral and unique business continues to deliver its exceptional produce to Australians and to the international market,” he said.
Under the voluntary administration process, a first meeting of creditors was held on May 27 and a second meeting of creditors will be held within 20 to 30 business days, when creditors will determine the future for the business.
To discuss options ODFA’s operations, contact the Worrells Geelong office via email at: [email protected] or phone on 5222 7624.