Buderim Ginger Sells Baking Business

Queensland food producer Buderim Ginger has sold its baking business to pay down debt.

The Sunshine Coast-based firm sold its wholly-owned subsidiary Buderim Baking Company, which makes pies, tarts and quiches, for $1.9 million. The sale price includes $900,000 for stock, as reported by The Sydney Morning Herald.

Buderim Ginger will use the sale proceeds to reduce bank debt by $500,000 and provide additional working capital.

Click here to upload your own recipe


Your email address will not be published. Required fields are marked *

By using this form you agree with the storage and handling of your data by this website.