Sandalwood giant Quintis calls in receivers after years of turmoil, price collapse

Sandalwood giant Quintis calls in receivers after years of turmoil, price collapse

The world's biggest producer of sandalwood, which owns vast amounts of land in northern Australia, is on the verge of collapse.

Timber! Receivers put into sandalwood group Quintis

Sandalwood company Quintis has collapsed for the second time inside six years, with receivers from FTI Consulting put into the privately owned group.

Quintis Sandalwood in receivership

FTI Consulting announced it has taken over the majority of Sandalwood producer Quintis and its subsidiaries’ operations and assets.