FRP Advisory sells business and assets of Harland Machine Systems Limited to Accraply Europe Limited
ACCRAPLY EUROPE LIMITED, part of the international Barry Wehmiller Group, has acquired the trade and assets of Harland Machine Systems Limited from its administrators at FRP Advisory.
Russell Cash and Rajnesh Mittal, partners at FRP Advisory, were appointed on 26 July as joint administrators to Harland, the Salford based labelling machine manufacturer, and swiftly completed a sale of the on-going business to Accraply ensuring a continuity of trading and securing employment for the staff of this 44-year-old business.
The Salford based business is a manufacturer of bespoke labelling equipment for use in high volume production lines. Its dedication to product development and unparalleled range of machines resulted in them counting multinational household names as their customer base, operating across a broad range of sectors including pharmaceutical, hygiene and food and beverage.
Harland reported a turnover of £12m in its most recent accounts and employs 70 people. The company had faced recent difficulties leading to unsustainable pressure on cash-flow. This resulted in a need for the company to seek the protection of administration in order to secure a more viable solution in the interests of all stakeholders.
Russell Cash, joint administrator and partner at FRP Advisory, said: “We’re delighted to have secured the future of this key North West manufacturing business, preserving jobs and providing a continuity of supply for its loyal customer base. We wish Accraply and everyone involved in it every success for the future.”
Earlier this month, FRP hired Anthony Collier as a partner in its Manchester office.