Engineering firm Rotary faces sale
May 29 2012
An engineering firm which has worked on projects for the BBC and the Scottish Parliament is facing an uncertain future after its Australian owner collapsed.
Rotary UK and Rotary Ireland are expected to be sold after administrators PPB Advisory were appointed to parent company Hastie Group due to its "extreme financial situation".
The Rotary Group, which also includes an international division that will remain under the control of administrators, employs 2,000 staff and has its headquarters in Warrington, Cheshire.
In a statement, PPB Advisory said: "Over the coming weeks we expect there will be an orderly process to sell the Rotary UK and Ireland businesses as going concerns."
Rotary declined to comment.
Rotary, which has worked on the new home of the BBC at Media City, in Salford Quays, and includes supermarkets Morrisons and Waitrose among its clients, is thought to be profitable in the UK and Ireland, PPB Advisory added.
The business, which has offices in Chester, Mallusk, Livingston, Leeds, Newcastle and London, was founded in Northern Ireland in 1954 and was bought by Hastie for more than £100 million four years ago.
Rotary is a leading specialist in the provision of air conditioning, mechanical, industrial and maintenance services primarily to the healthcare, education, industrial, commercial and retail sectors.
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