50 jobs rescued as Bottlestore bought out of administration

Jill Park, packagingnews.co.uk, 18 June 2008

 

Bottlestore, the Tring-based plastic bottle manufacturer, has been bought out of administration by an unnamed third party, saving more than 50 jobs.

 

The company fell into administration due to "an inability to pay debts", according to Vantis, its Marlow-based administrator appointed on 14 May.

 

A Vantis spokesperson said unsecured creditors may receive a dividend, but "any amount payable to creditors is uncertain and dependent upon future asset realisations".

 

Bottlestore is now operating under the name Plastic Containers.

 

Plastic Containers was unavailable to comment as Packaging News went to press.