Beston Foods goes into administration after Japanese deal falls through
Troubling times have arrived for one of the Murraylands’ biggest employers, with hundreds of workers at Jervois and Murray Bridge.
Hundreds of Murraylands jobs hang in the balance after one of the region’s biggest employers entered voluntary administration on Monday.
Times had been tough for some time at the Beston Global Food Company, which operates factories at Murray Bridge and Jervois, due to what its board described as a “perfect storm of adverse events”.
Its problems included a high level of debt which it accrued during the COVID-19 pandemic, and more recently high energy and milk prices.
The last straw came on Friday, when Japanese firm Megmilk Snow Brand pulled out of a deal to sell the Jervois factory which could have saved the company.
