The proposed management buyout of the Angas Park Fruit Company has collapsed.
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Several months ago the company’s owner, Chiquita Brands South Pacific (CBSP), announced its intention to sell it off. This announcement was followed swiftly by another unveiling a management buyout of the Barossa Valley-based business.
However, is has now been announced that the MBO attempt has failed. CBSP now plans to merge Angas with its Kangara Farms business, based in Renmark.
