Hibernia Foods in receivership

HIBERNIA FOODS, which manufactures branded desserts, has been placed into receivership by one of its largest creditors.

In a short statement, Hibernia said that KPMG, accountants for General Motors Acceptance Corporation (GMAC), has placed Hibernia Foods into receivership for a financial obligation.

“This financial obligation is in relation to GMAC’s £17.25 million factoring facility,” the company said in a statement.