Kylin Int’l Machinery Limited
Address: Xiaohe industry area, Daojiao town, Dongguan City, Guangdong province, China.
|Revill made redundant as Manroland GB sale talks stall|
Manroland GB managing director Norman Revill and finance director Chris Wells have been made redundant and it appears sale talks over the future of the company have reached a crisis point.
Revill, Wells and 12 other employees were informed that their roles were being made redundant today (23 February). Around 38 staff remain.
Revill described it as "a horrible way to end a great career with a company I love".
He said: "I’m bitterly disappointed not to have been able to see this through to a successful sale. I wanted to be here to see the company sold as a going concern."
In response to questions from PrintWeek, joint administrators Zelf Hussain and David Baxendale at PricewaterhouseCoopers issued the following statement: "It is with regret that we have had to announce our intention to make some redundancies at the end of the month across all levels of the business, in order to ensure that we can continue to trade the business while we seek to secure a sale.
"We are speaking to a number of interested parties regarding various aspects of the business, but for reasons of confidentiality we cannot comment further at this stage."
However, PrintWeek has learned that staff at the company fear the entire business could close if a sale deal cannot be brokered soon.
Langley Holdings, the new owner of Manroland’s Sheetfed business, is viewed at the most likely potential purchaser of the operation, but it seems negotiations have reached an impasse.
"The impression we have is that talks have stalled. We don’t know what the stumbling block is, but it seems to be to do with the liabilities that Langley is or isn’t willing to take on," a source close to the situation told PrintWeek.
|| 发布时间：2012.02.24 来源： 查看次数：776|