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40 expressions of interest to buy Plastic Sorting Limited

Date: Tue, 14 Feb 2012 | Author: Paul Sanderson

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Administrators for Plastic Sorting Limited have said that they have received 40 expressions of interest in buying the company.

As a result, administrators Begbies Traynor are confident of finding a buyer for the Welsh recycling business.

Of the 40 expressions of interest, 32 parties have received a sales pack and around a dozen viewings of the facility have been conducted. The deadline for offers is 5pm on Friday 17 February.

Begbies Traynor partner Dave Hill said: “We are very hopeful that we will receive offers, have something on the table worth considering, and subsequently achieve a sale.

“We will sit down next week, see what has been forthcoming, and start negotiating. But at this stage we cannot speculate on who the buyer might be or how long a deal may take to complete.”

 

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Category: Recycling
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