BRISBANE-BASED company, Blue Ribbon Seed and Pulse Exporters Pty Ltd, has gone into liquidation following an application from Bean Growers Australia (BGA) filed last month in the Supreme Court of Queensland.
The Australian Securities and Investment Commission has stated, Peter Dinoris, of Artemis Insolvency has been appointed as the liquidator.
This step may see the company, which as of last week employed around 15 people, transition into new ownership.
“I am communicating with a party interested in the assets and business of the company,” Mr Dinoris said.
Mr Dinoris said a list of creditors, including BGA, was likely to be available next week.
Blue Ribbon has been a volume exporter of pulses sourced predominantly from southern Queensland, and runs a packing facility at Richlands west of Brisbane.
The company has also been a key exporter of Australian mungbeans through the Port of Townsville, and supplies established markets with seeds, specialty flours and other pulses.
Bean Growers Australia is based in Kingaroy and is a processor of pulses including mungbeans and chickpeas. It supplies domestic and export markets.
Blue Ribbon Group was contacted and was not in a position to comment.