Thursday, February 07 10:23:34
Wexford Viking Glass Ltd. has successfully emerged from its examinership process securing 25 jobs.
The Wexford based business which has been trading for 75 years, manufactures and supplies energy efficient double-glazed units entered into examinership in October of last year.
A survival plan was presented to the High Court by appointed examiner Neil Hughes, Hughes Blake, putting together a scheme of arrangement accepted by the company's creditors.
Mr. Justice McGovern approved the scheme, allowing the company to exit examinership as a going concern. As a result of the approval received, 25 jobs will now be saved.
Speaking on the outcome of the process, examiner Neil Hughes, Managing Partner, Hughes Blake, said: "The successful outcome for Wexford Viking Glass is a tribute to the continued efforts and support of the company's employees, partners, suppliers and customers. The successful conclusion of this process once again underlines the value of examinership in facilitating the survival of fundamentally good companies and the jobs they provide."