Hansells Food relies on support of lender, major shareholders as losses widen

Mon, 17 Oct 2016

By Jonathan Underhill Oct. 17 (BusinessDesk) - Hansells Food Group says it has letters of support from two of its biggest shareholders and assumes continued funding from its lender that gives it confidence it can continue as a going concern despite losses widening. The Auckland-based company owns brands including Hansells cooking ingredients, Thriftee drink concentrate, WeightWatchers foods, Alfa One rice bran oil, Vitafresh and Vitasport drinks. The food and drink manufacturer reported a loss of $9.4 million for the 12 months ended Ma...

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