A manufacturer of soups and meals here in New Zealand has been placed into receivership.
The future of Pitango, which is based in Auckland, is under threat after receivers were placed in charge of Australian companies Gourmet Food Holdings and Waterwheel.
More than 20 New Zealand jobs are at risk.
Receivers Ferrier Hodgson will be undertaking an urgent assessment of the financial position of the group and will determine whether operations can be continued.
Spokesman Steve Sherman says a campaign identifying potential buyers for the group or its individual businesses will be launched soon.