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Salea Advisory, on behalf of Administrator Sule Arnautovic, is inviting expressions of interest for the sale or assignment of Wax Converters Textiles Pty Limited, a well-established manufacturing business located in Rutherford, NSW.
This company, known for its specialisation in textiles, fabrics, canvas, and PVC products, provides key combat clothing and related accessories to the Australian Defence Force.
With a trading income of $18 million in FY 2023 and $14 million in FY 2024, Wax Converters Textiles Pty Limited is supported by a dedicated workforce of approximately 65 employees.
All assets, contracts, and undertakings of the company are available for sale or assignment, where possible, providing an opportunity for prospective purchasers.
According to the administrator, interested parties will be required to execute a Non-Disclosure/Non-Compete Agreement and pay a non-refundable fee of $500 plus GST to access the sale information package and relevant business data.
The administrator also intends to finalise any transaction by Friday, 20 September 2024.
Formal expressions of interest are to be submitted in writing by 5:00 PM on Friday, 6 September 2024.
For further information, please contact Jessica at Salea Advisory through jessica@salea.com.au or via phone (02) 9169 0600.
