A creditor’s meeting in Launceston last night has raised hopes of a positive future for beleaguered Tasmanian meat processor Blue Ribbon.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more


CEO Ray Joy revealed that 27 expressions of interest had been received from interstate syndicates. He said: “The expressions cover the whole spectrum from [purchasing] particular parts to the whole business.”


Joy added that many potential buyers had been encouraged by how good business is at Blue Ribbon.


The firm ran into difficulties when funding ran out and when Blue Ribbon was placed into voluntary administration last month its debts to the Commonwealth Bank of Australia and other creditors totalled more than A$10m (US$5.24m).


Last night’s meeting was adjourned to enable negotiations to continue for between 21 and 28 days.

GlobalData Strategic Intelligence

US Tariffs are shifting - will you react or anticipate?

Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.

By GlobalData

Just Food Excellence Awards - Have you nominated?

Nominations are now open for the prestigious Just Food Excellence Awards - one of the industry's most recognised programmes celebrating innovation, leadership, and impact. This is your chance to showcase your achievements, highlight industry advancements, and gain global recognition. Don't miss the opportunity to be honoured among the best - submit your nomination today!

Nominate Now