Coffin maker avoids forced asset sale

 

coffinSmart Company Reports:

A Melbourne coffin making business has been rescued from controllership with a new round of finance, but its managing director has warned the fragile nature of the manufacturing industry and competition from imports will make trading more difficult. SJ Bambra was placed in the hands of controllers after suffering from both lower sales and a fire that caused significant damage in early 2010. The business and its assets were advertised as for sale, but financiers have stepped in.

Source: Smart Company

If you are a Financial Review Subscriber, their story is here...

Pin It

ccalogo search transparentw dropshadowINDEX

 

Media Releases