Wright Machinery Ltd offered for immediate sale

Wright Machinery Ltd offered for immediate sale
April 23, 2010
Wright Machinery Ltd, a manufacturer of Food processing and packaging equipment located in the United Kingdom, is offered for immediate sale by its administrators, Wyles Hardy and Co.
Wright Machinery Ltd is a subsidiary of PPM Technologies Inc. In the United States PPM Technologies Inc. has filed for Chapter 11 bankruptcy (reorganisation).
Details on the sale of Wright Machinery Ltd:
  • The Administrators offer for sale the business and assets of a world leader in the design, manufacture and installation of process and packing systems for the food industry
  • the Company supplies conveyors, seasoning systems, primary product distribution systems and secondary multi-packing systems
  • Customer base includes Europe, the Americas, Africa, Asia and the Middle East
  • The business has sixty years experience combined with leading edge design and manufacturing technology.  This enables the Company to produce systems that are tailor-made to meet specific customer requirements for complete food processing and packaging lines
  • Other services provided by the Company include training, servicing and maintenace.  Parts and spares are also offered by the Company.
  • The Company is a subsidiary of PPM Technologies Inc.  The Administrators are only offering the business traded by Wright and its assets for sale
  • The business operates from purpose built leasehold premises 46,000 sq/ft in size located in South Ruislip, West London.
  • Turnover for the year ended December 2009 and December 2008 were £19.1m and £14.2m respectively.
  • The Company currently has 52 full-time employees.
  • Offered for sale include: plant and machinery, stock, customer base, intellectual property and leasehold premises.