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Electronics Production | October 04, 2011

Simclar to be sold?

The administrators for Simclar have reportedly found a buyer for the insolvent company.

On June 27, 2011, Deloitte - John Reid and Bill Dawson - was appointed administrator for Simclar Group Limited, Simclar International Limited, Simclar Interconnect Technologies Limited, Simclar Seating Technologies Limited. Now, according to a report from Scotsman.com, it seems that the joint administrators have found a buyer: Greenfold Partners. 70 of the 200 jobs lost at Simclar could be saved.
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