Our other sites
Today's newsletter | Register | Subscribe | Feedback

Linecross rescues BI Composites from administration

By PRW Staff
Posted 9 January 2013

BI Composites has been bought out of administration by Linecross, a manufacturer of thermoformed and polyurethane components, for an undisclosed sum.

Joint-administrators Brian Hamblin, Craig Povey and Kevin Murphy from Chantrey Vellacott DFK had been running the business since November while they managed the sale.

Hamblin said the administrators were delighted to secure a sale within three weeks of their appointment and to be able to advise the 120 employees their jobs had been secured before the Christmas break.

Linecross managing director, Stuart Fry, said the business has grown steadily since a management buyout in 2003 and the acquisition of BI Composites, which has been renamed Linecross Composites, fits in well with the firm’s long-term expansion plans.

“We are delighted to have completed the deal to buy BI Composites and with it safeguard the future of a significant number of jobs,” he said. “Linecross and BI Composites are both innovative and creative companies which share very similar production processes and customer bases, such as working with the likes of Bentley and JCB.

“We’re excited to be joining the two together.”

[ Back ]


Site Index [ + ]
Site Index [ - ]
Home:  PRW.com | Contact editorial | Contact advertising | Features List 2015 | About us
End Markets:  Automotive | Packaging | Construction | Medical | Consumer Products | Rubber
Processes:  Injection moulding | Blow moulding | Extrusion | Thermoforming
Supplier News:  Machinery | Materials | Recycling | Moulds | Design
Polymer Prices:  LME prices | Market outlooks | Resin selector
Industry Issues:  Environment | Regulation Competitiveness
Plastics Knowledge:  Knowledge Bank
Comment:  Champ Chat | Editorials | Business features
People:  Movers & Shakers
PRW Business Directory:  Directory
Classifieds:  Jobs | Classifieds
View:  Mobile | Desktop
Our Events:  PDM | Conferences
Industry Awards:  Industry Awards
Diary: Diary
Advertise with PRW
Subscribe:  PRW print | E-mail products
Reprints:  Reprints
List Rental:  List Rental
Crain Communications:  Crain Communications | Crain Publications

Entire contents copyright 2015 by Crain Communications Inc.
Plastics & Rubber Weekly and PRW.com are published by Crain Communications Ltd (registered in England & Wales No. 01576350).
Registered Office: 100 New Bridge Street, London, EC4V 6JA, United Kingdom.