185 jobs saved in OSS Group sale

OSS Group, the UK's largest processor of used oils, has been bought in a pre-pack deal that has saved nearly 200 jobs.

The business, which has its headquarters in Knowsley, Merseyside, was sold by administrators at KPMG in Manchester to the oil refining Hydrodec Group for £4.65m.

Just three years ago OSS's owner, the mid-market private equity house Dunedin, was said to be plotting a sale for around £50m. It bought the business in 2000 for £15m.

Statements by KPMG and London-based Hydrodec, which ... For the full story register now for free or login below...