Pure’s Cold Chain falls apart

Corporate recovery services provider KordaMentha has been appointed receiver and manager to Pure Logistics’ Cold Chain divison, AAP has reported.

Cold Chain is a nationwide cold haulage and storage business for frozen goods, with about 360 employees and 100 contractors.

KordaMentha’s appointment came after secured lenders had been working with the division for a long period of time to resolve the company’s financial problems.

The company’s representative Janna Robertson said the main aim of the administration was to sell the business as a going concern, and its operations would continue while seeking expressions of interest.

Mr Robertson said the entitlements of related workers were protected, and the operations of McColls Transport, which has operated under the Pure Logistics brand, would be unaffected.

MREC HERE

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