A MOCHDRE car plant that closed after its parent company went into administration has been sold securing 15 jobs.
Quinton Hazell Automotive Limited, which had 83 employees at its plant in Mochdre, went into administration in February as KPMG were appointed administrators of its parent company, Klarius Group Ltd.
A total of 79 people lost their jobs.
Now 15 full time jobs have been reinstated at the factory after KPMG’s restructuring team completed the sale of the site to Mark Water Pumps Limited, a newly incorporated 100 subsidiary of Mark Exhaust Systems Limited, a joint venture with Suzuki Motors Corporation India.
Paul Flint, Joint Administrator and Restructuring Partner at KPMG, said: “As part of the sale of the Colwyn Bay site, 15 former employees will be re-hired.
"Having extensively marketed the business to potential buyers for a number of weeks and maintained slimmed down operations to meet outstanding contracts, we are pleased to have secured a sale which confirms continued production at the site and 15 jobs in the local area.”
India-headquartered Mark Exhaust Systems Limited is a manufacturer and global supplier of automotive components, and counts Suzuki, Honda and Piaggio amongst its clients.
Complementing Mark Exhaust Systems Limited’s existing manufacturing operations, the acquisition ensures the continued production of water pump systems for the original equipment market at the Colwyn Bay site.