A new deal for Float Glass Industries
Glass Times editor Nathan Bushell reports on the latest news from Float Glass Industries.
Float Glass Industries, and its parent company Wright & Offland Holdings, went into administration on December 21, signalling how fragile the glass industry is as we start a new year.
However, the company continued trading as David Offland and Dawn Offland were able to set up a new company, having bought the business, assets, trade name and goodwill from the administrators, BDO.
Dawn said it was important that the new company retained the trade name of Float Glass Industries, which is a well-known brand within the glass industry.
The deal went through last week, resulting in David and Dawn owning 50% of the new company each.
The administrators had blamed difficult trading conditions.
Speaking to Glass Times this morning, David said that 2017 had been a difficult period, but he was positive about the future of the company and wanted to thank all those in the industry who had offered their support going forward.
We’ll have more on this story in the February issue of the magazine.