BusinessBusiness RecoveryKPMG receives ten offers for boot maker

KPMG receives ten offers for boot maker

Administrators to assess the bids

Administrators for Hunter Rubber Company, maker of the famous Wellington
boots, have received ten offers for the company.

Interested parties had until 21 April to submit bids.

Joint administrators, Richard Fleming, Howard Smith and Blair Nimmo, from
KPMG’s restructuring practice, will now assess all the bids to find the maximum
price for the business.

Richard Fleming said: ‘After initial discussions with approximately 100
interested parties, we are now pleased to be in a position to examine ten offers
in detail over the weekend.

‘I expect discussions to progress swiftly with a view to completing a deal
next week’
Production restarted at the company on Monday morning with all 64 remaining
employees reporting for work as the business continued to trade.

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