Tiverton-based Devon Cider has gone into administration.
Vantis Business Recovery Services has been appointed as administrator for the cidermaker, which produces own-label ciders and brands including Old Moors, Three Hammers and Ice White.
The administrator is seeking to sell it as a going concern and no redundancies have been made.
Geoff Rowley, client partner at Vantis, said: “We are continuing to trade with all of Devon Cider’s customers and have the on-going support of all the multiples with whom Devon trades.
“Interest in the business has been strong and we hope to be able to proceed with a sale on a going concern basis.”
Devon Cider employs 50 people and turnover is around £20 million.
The company was bought out by its management team shortly after going into voluntary administration two years ago and was restructured as a group of three companies – Devon Cider, Devon Cider Brands and Devon Commercial Property.
Devon Cider was founded in 1999 and four years ago moved to larger premises in Tiverton, which it bought from Inbev.