HFW PLASTICS
UK thermoformer acquired by Thermopak / New company backed by members of HFW board
Ailing thermoformed food tray manufacturer HFW Plastics (Gateshead, Tyne & Wear / UK) was sold to Thermopak, a new company backed by members of HFW’s board as well as private investors, on 8 September 2009. The UK thermoformer had entered administration in August – see Plasteurope.com of 12.08.2009. Since then the firm had been marketed by the appointed administrators of the restructuring practice of KPMG (Newcastle-upon-Tyne / UK; www.kpmg.co.uk).
The sale saves the jobs of all 64 former HWF Plastics employees, who will transfer to the new company. Thermopak will be headed by HFW’s former managing director, Mike Stewart.
The sale saves the jobs of all 64 former HWF Plastics employees, who will transfer to the new company. Thermopak will be headed by HFW’s former managing director, Mike Stewart.
17.09.2009 Plasteurope.com [214382]
Published on 17.09.2009