740 jobs saved as industrial giant buys CovPress

740 jobs have been saved at manufacturer CovPress after it was bought by industrial giant Liberty from the administrators.

The £98m-turnover business, which was owned by Chinese group Shandong Yongtai since 2013, suffered from "significant and urgent funding issues" and appointed administrators in September.

"CovPress is a fundamentally strong business," said joint administrator Eddie Williams, of Grant Thornton.

"The successful sale to Liberty n... For the full story register now for free or login below...
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