Jobs saved as Metalrax sold out of administration
WELL-known Midlands manufacturing firm Metalrax, which went into administration earlier this week, has already been sold.
The Alvechurch firm - a niche supplier of specialist engineering and consumer durable products such as bakeware - announced that it was entering administration and that its shares had been suspended on AIM.
But, on appointment, administrators from KPMG sold the business and assets of the niche engineering group to a group of companies headed by Bowman Birmingham Limited.
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