Maggie Beer Holdings (ASX:MBH) Completes Sale of Paris Creek Farms
Sale Completion
Maggie Beer Holdings has successfully completed the sale of Paris Creek Farms (PCF) as a going concern, with all staff and entitlements transferring to the new owners.
Strategic Focus
The sale aligns with MBH’s strategic plan to focus on its core growth assets, including Maggie Beer Products and Hampers and Gifts Australia. The accounting treatment will result in an impairment or loss on disposal, to be finalised in the FY2025 Annual Accounts.
Executive Comments
Chairman Mark Lindh stated, “We are pleased that we have been able to complete the sale, with all staff remaining with its new owners, ensuring a seamless transition for our teams, customers and suppliers.“
Motley Fool contributor Lauren Surplice has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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