MELBOURNE based company Quayle Milling Proprietary Limited, makers of Rinoldi, Nanda, Kookaburra and Vetta pasta, are the new owners of the Young Flour Mill.
Moving into the premises last week, they have rehired a number of the former employees but wouldn’t divulge the exact amount at this stage.
Business Development Manager and Director Bill Quayle said he was very excited about the purchase.
“There’s quite a lot of work to do and we’re just in the process of assessing and developing plans for it,” he said.
General Manager Tony Farag said they were really happy to be a part of Young and that they had received a great reception.
“The staff are very nice and motivated people to work with,” he said. “We’re very fortunate to have people like that around us.”
As to how many staff were rehired, Mr Quayle said, he couldn’t say but they would get back to The Young Witness at a later stage.
However, Mr Farag said they were hoping to build on the amount they already had.
Judging from the amount of employees who were there when The Young Witness visited the premises, around a third to half looked to have been rehired.
Administrator-turned-liquidator John Vouris said he also didn’t know the figure but that he was pleased with the sale.
“It was the best I could have done [but] it will not generate a distribution to unsecured creditors,” he said.
In terms of where creditors could go from here, Mr Vouris, was still pursuing litigation funding for action against Cootamundra Oilseeds for their alleged supply to Aust Asia Milling of an ingredient toxic to livestock.
He said a few people were interested and he would call a meeting between himself and the Committee of Inspection - made up of creditors – as soon as he received a proposal.