Coral Products invests £600K

Coral Products' food recycling bin

Coral Products, the Merseyside-based design, manufacturer and supplier of injection moulded plastic products, has bought the assets of a rival mouldings manufacturer that went into administration.

It has  bought various injection moulding machines some with robot handling, chillers, mixers and cranage from the administrators of ICM Ltd for £600,000.

The company also said its Haydock facility has been approved by two major multinational tier one automotive system suppliers to supply a number of components.

“Whilst volumes are not yet formalised we confidently expect this to lead to substantial new business throughout our next financial year,” it said in a stock market statement.

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