Fifteen jobs saved as century-old machinery firm sold
- Published
Fifteen jobs have been saved after an Aberdeenshire agricultural machinery business was sold out of administration.
It was announced in March that Balgownie Ltd and Balgownie Rentals Ltd - which had traded for 117 years - had entered administration.
Administrators Johnston Carmichael said "cashflow difficulties" were to blame for the closure of the firm.
Twenty four employees lost their jobs with immediate effect, with 17 workers retained to help try to sell the assets.
Johnston Carmichael said the business and assets had now been sold to MacGregor Industrial Supplies Ltd, preserving 15 jobs.
The sale includes the Inverurie and Turriff trading sites.
Related topics
- Published19 March
