15 March 2011

Auto Windscreens’ plant for sale after 40 years production

auto windscreens, plant for sale

Auto Windscreens' Chesterfield production facility has been put up for sale after the company went into liquidation last month.


A guide price of £1m has been quoted for the plant, machinery and stock and King Sturge Plant & Machinery, the company selling the plant on behalf of joint liquidators at Deloitte, say there has already been widespread international interest from the US, Europe and Middle East.

The firm, which was founded in 1971, had been experiencing cash flow difficulties and went into administration on the 14 February.

A wide variety of machinery will be available with a Tamglass ESU Ecomex glass tempering and bending furnace, a manual windscreen interlay station, a Vahasilta OY autoclave, a Dicoma SL automatic windscreen film wrapping machine and an automatic glass cutting line withTamglass pick and place robot, just some of the assets included in the offering.

King Sturge partner Patrick Ditcham said the facility represented a great opportunity for prospective buyers. "The site is a fully equipped windscreen manufacturing plant and there is a large quantity of stock and raw materials ready to be used. The buyer will be able to come in and make use of the facility again almost immediately.

"We're hoping to sell the production facility, assets and stock as a whole and have been encouraged by the interest we've already received from both domestic and foreign firms.

"If we don't reach an agreement to sell the facility it will then be subject to a piece meal auction, with bids taken online between the 28-30 March."

Author
Ken Hurst

Supporting Information

Companies
King Sturge Plant & Machinery

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