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Australia: Potato Magic company faces liquidation

Administrators of potato chip manufacturer, Potato Magic, have recommended placing the company into liquidation. Potato Magic Australia, was placed into administration last month, whilst owing creditors hundreds of thousands of dollars, ABC Rural reports. The company was set up in 2005 and was owned by Paul Rennie, one of Australia’s biggest potato growers, and fruit and vegetable businessman Nick Moraitis.


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