FRP Advisory LLP facilitates acquisition of Fusion Glass by Chelsea Artisans

Date: 18 October 2010

Fusion Glass Limited, which entered into administration on 27 September with the appointment of Joint Administrators Jason Baker and Geoff Rowley, partners at FRP Advisory LLP, the specialist restructuring, recovery and insolvency firm, has been sold for an undisclosed sum to Chelsea Artisans (Contracting) Limited.**Fusion Glass, which designs decorative glass for large scale architectural projects and one-off commissions for clients including Berkeley Homes, Laing O'Rourke and Morgan Lovell, went into administration following the economic downturn in the construction sector. **Following their appointment, the Joint Administrators secured a refinance, enabling the business to be traded through administration while a buyer was sought.**Commenting on the deal, Jason Baker said: "The construction sector was one of the biggest casualties of the recession and Fusion Glass suffered the knock-on effects.

Ultimately, trading losses led to severe cashflow difficulties which, in turn, led to the business' insolvency.**
Read more.

600450 FRP Advisory LLP facilitates acquisition of Fusion Glass by Chelsea Artisans glassonweb.com

See more news about:

Others also read

OmniDecor glass adds elegance and modernity to Milano Prime’s luxury terminal at Malpensa Airport.
OmniDecor elevates decorative glass from functional material to an integral design element, merging technical expertise with cutting-edge innovation.
A transformative journey through transparency, reflections, and sustainability, shaping the future.
Redefining glass for sustainable architecture
Unwavering research has allowed OmniDecor to add new finishes to its three-dimensional glass, thus expanding the company’s product line-up.
"THE TECHNOLOGY LEADER" ® sets its sights on Texas for the biggest glass trade show in North America.

Add new comment

From industry

Via Del Lavoro Snc
64023 Mosciano Sant’Angelo TE
Italy

NEWS RELATED PRODUCTS

Guardian Glass North America
Wenfrod Glass Processing Co. (Tempered Glass Factory Turkey)
Thermoseal Group Ltd.