Friday 7th November 2008
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The recall is "precautionary" and there had not been reports of any illness arising from consumption of the products, the company said in a statement. Cooks is working with the New Zealand Food Safety Authority on the situation, it said. In total, four products are being recalled.
The products being recalled account for less than 2% of aggregate annual sales by value for Cooks and is unlikely to have a material impact on the company's finances, it said.
Cooks didn't issue new shares when it listed though it is planning a non-renounceable offer to existing shareholders. The company, whose brands include Cotterill & Rouse, Sahara, Olive Grove, Murdochs and Sungold, plans to lift annual sales to more than NZ$100 million within five years.
Shares of Cooks were last quoted at 25 cents on Nov. 5.
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