Six may buy Fodens
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SOME "fairly hard sorting out" of potential buyers for Fodens can be expected around the end of this month, according to receiver Cork Gully.
A spokesman told CM that there are 'around six" potential purchasers from Europe, the United States, the United Kingdom, and the Far East. The Far Eastern interest is reported to be Japanese.
Meanwhile, the 630 redundancies proposed for September were brought forward by the receiver to take effect from Friday last week.
A spokesman for Cork Gully STONEFIELD VEHICLES future may not be known for another month or two, according to receiver Bill Brownlie.
He told CM that a dossier on the company has been sent out to over 200 companies which may be interested in buying the company.
told CM that further redundancies were unlikely until the front-runner buyers have stated their interest in Fodens,