News: Pointer Pet Foods in administration
Rotherham pet food manufacturer, Pointer Pet Foods has gone into administration.
Howard Smith and Mark Firmin, from KPMG Restructuring were appointed joint administrators on 20 October 2009.
Pointer, which employs 50 people at its Eastwood Trading Estate site, distributes its products to bespoke pet food retailers and supermarkets.
The business has entered administration following liquidity issues within its parent company, the Rodi Group, which has operations in Germany and the Netherlands, compounded by the cost of investment in additional production and packaging lines.
Howard Smith, joint administrator and associate partner at KPMG, said: "We are trading Pointer Pet Foods and retaining the majority of employees while we seek a going concern sale of the business, which has a strong UK customer base, significant sales into Europe and the potential to expand."
In February, Spain's Grupo Dibaq acquired 80% of the controlling entity of the Rodi Pet Food Group that owns Pointer.
Pointer was established in 1959 and continued growth allowed for considerable investment in machinery and staff. The investments have included key people with skills in sales, marketing, food technology, nutrition, logistics, customer services and engineering.
The company saw further development by the opening of a new 30,000 sq foot warehouse in 2001 and plans were in place to take further units nearby.
Howard Smith and Mark Firmin, from KPMG Restructuring were appointed joint administrators on 20 October 2009.
Pointer, which employs 50 people at its Eastwood Trading Estate site, distributes its products to bespoke pet food retailers and supermarkets.
The business has entered administration following liquidity issues within its parent company, the Rodi Group, which has operations in Germany and the Netherlands, compounded by the cost of investment in additional production and packaging lines.
Howard Smith, joint administrator and associate partner at KPMG, said: "We are trading Pointer Pet Foods and retaining the majority of employees while we seek a going concern sale of the business, which has a strong UK customer base, significant sales into Europe and the potential to expand."
In February, Spain's Grupo Dibaq acquired 80% of the controlling entity of the Rodi Pet Food Group that owns Pointer.
Pointer was established in 1959 and continued growth allowed for considerable investment in machinery and staff. The investments have included key people with skills in sales, marketing, food technology, nutrition, logistics, customer services and engineering.
The company saw further development by the opening of a new 30,000 sq foot warehouse in 2001 and plans were in place to take further units nearby.
Pointer website
RotherhamImages: pointerpetfoods.co.uk
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