Dominic Wong and Matt Cowlishaw of business advisory firm
Deloitte were appointed joint administrators for Happich Vehicle
& Industrial Components Limited and Happich Profiles Limited on
29 August 2009.
Happich Vehicle & Industrial Components Limited sells
components, parts, accessories and assemblies for the transport
industry, principally for the bus and truck sector.
Happich Profiles Limited manufactures rubber extrusions and
steel inserted products for commercial vehicles, including bus,
truck, agricultural and construction sectors.
The companies operate from three leasehold units in Birmingham
and employ a skilled workforce of 51 people.
Dominic Wong, partner in the Reorganisation Services practice at
Deloitte in Birmingham, said: "The companies have recently
experienced trading difficulties due to the preliminary insolvency
of the German parent company. We expect significant interest
in the businesses and will continue to trade the companies while we
seek to complete a sale of the businesses as a going concern.
Regretfully we have been forced to announce seven
redundancies today, one at Happich Vehicle & Industrial and six
at Happich Profiles."