date:Mar 14, 2012
A consortium of former directors and private investors have acquiredUnibic's Australian arm, which went into administration earlier this month.
The group, which includes former Unibic COO Matt Forster, have acquired Australia's fourth-largest biscuit manufacturer for an undisclosed sum.
Unibic had struggled to service its debts, which were caused by major capital investment and increased ingredients costs.
Four senior managers were involved in the buy-out and Forster will become joint MD, a spok