Mansfield manufacturer in crisis as US owner files for bankruptcy
The future of Mansfield-based manufacturer of air filters has been thrown into doubt after its parent company filed for bankruptcy in the US.
Champion Laboratories (Europe) has appointed RSM as administators putting the future of the company in doubt. Already staff numbers have been brought down from 61 to 38 since RSM was appointed on Tuesday.
The company was owned and supported financially by US group UCI International which entered into Chapter 11 in early June 2017. This left the company without the cash flow support needed in o... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...
