Pelikan Hardcopy Scotland Limited sold immediately out of administration

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Pelikan Hardcopy Scotland Limited sold immediately out of administration

Michael Magnay and Rob Harding of Deloitte, the business advisory firm, were appointed joint administrators of Aberdeenshire-based Pelikan Hardcopy Scotland Limited on 12 January 2018 and have overseen an immediate sale of the Company’s business and assets to Lothian Shelf (731) Limited, a company owned by Zhuoli Imaging Technology Co. Ltd.

The Company operates as a manufacturer and distributor of printing products and office consumables, including thermal transfer ribbon, magnetic ink character recognition and carbon films. At the time of appointment, the Company had 52 employees, all of which have transferred to the new company.

Michael Magnay, Joint Administrator and head of Restructuring for Deloitte in Scotland, said: “It’s fantastic to secure the existing 52 manufacturing jobs in Scotland, and we’re thankful to the staff for their ongoing support during what has been a challenging time for the Company.

“It’s also encouraging to see Chinese investment in Scottish manufacturing, which is an endorsement of the innovative products produced and the quality and dedication of the workforce.”

By |2018-01-15T10:11:03+00:00January 15th, 2018|Aberdeen, Business News, Finance News|Comments Off on Pelikan Hardcopy Scotland Limited sold immediately out of administration

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