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Voluntary administration

This article was originally published in Foodnews

NUEVA Rumasa has asked for voluntary administration for its tomato and meat processing business Carcesa, producer of brands Apis and Fruco, according to a spokesperson for the Ruiz-Mateos family. Only last week, both the secretary general of UPA-UCE Extremadura and the secretary general of the UPA demanded that Nueva Rumasa start bankruptcy proceedings to ensure producers and workers were paid (FOODNEWS 18 March) . A statement from Nueva Rumasa said: "We hope that the new administration situation permits us to resume production and, following that, allows us to deal with the backlog of orders." The Ruiz-Mateos family argued the move was taken to "protect the interests" of employees, investors and creditors and to "guarantee the future viability" of the company.

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