The largest ice cream manufacturer in the country, which is based in Fermoy, has been placed in Examinership.
Silver Pail Dairy employs 82 full time staff as well as contract workers during busier times of the year.
The company - which is in operation since 1978 - is experiencing financial difficulties because of reduced sales during the pandemic, and the increased cost of energy and ingredients.
The business owes its trade creditors over 4 million euro and almost 2.5 million to Revenue.
The High Court heard that the firm can survive if it undergoes significant restructuring
An examiner has been appointed, who will try to make agreements with the ice-cream company's creditors - and find new investors - and the matter will be before the court again in January.
