Penrice Soda’s future, 180 jobs depend on support from customers, suppliers - administrators

Date: 29 April 2014
Source: www.news.com.au

Date: 29 April 2014

CUSTOMERS and suppliers of debt-ridden manufacturer Penrice Soda Holdings are being urged to support the company to ensure its survival and the jobs of 180 Adelaide workers ahead of the first meeting of creditors today.

Administrators McGrathNicol today issued a statement following calls for expressions of interest last week from potential purchasers of Penrice assets, including a limestone quarry near Angaston and a chemicals production and logistics handling plant in Osborne.Penrice, which employs 140 workers at its operations on the Port River at Osborne and another 40 at a quarry in Angaston, was placed into voluntary administration on 11 April with $117 million in debt and owing trade creditors about $35 million.Read more at: http://www.news.com.au/national/penrice-sodas-future-180-jobs-depend-on-support-from-customers-suppliers-administrators/story-e6frfkp9-1226898142300 CUSTOMERS and suppliers of debt-ridden manufacturer Penrice Soda Holdings are being urged to support the company to ensure its survival and the jobs of 180 Adelaide workers ahead of the first meeting of creditors today. 

Administrators McGrathNicol today issued a statement following calls for expressions of interest last week from potential purchasers of Penrice assets, including a limestone quarry near Angaston and a chemicals production and logistics handling plant in Osborne.

Penrice, which employs 140 workers at its operations on the Port River at Osborne and another 40 at a quarry in Angaston, was placed into voluntary administration on 11 April with $117 million in debt and owing trade creditors about $35 million.

Read more at: http://www.news.com.au/national/penrice-sodas-future-180-jobs-depend-on-support-from-customers-suppliers-administrators/story-e6frfkp9-1226898142300

600450 Penrice Soda’s future, 180 jobs depend on support from customers, suppliers - administrators glassonweb.com

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