News: DBC Foodservice enters administration
DBC Foodservice, a UK leading wholesale food service supplier, with a depot and customer service centre in Rotherham, has gone into administration.
Russell Cash, Ben Woolrych and Mark Wilson from Baker Tilly Restructuring and Recovery LLP were appointed as joint administrators, having previously been working to find a buyer for the firm.
The privately owned foodservice supplier offers a broad range of leading manufacturer brands supported by its own dbc label range. DBC sells into a variety of sectors and to leading names including Revolution vodka bars, Gourmet Burger Kitchen and the Barracuda Group.
With headquarters in Welwyn Garden City, the firm employs 982 people with depots in 11 separate locations across the UK. Just last year, they opened a new centralised customer service centre at their Rotherham depot.
Representatives of the administrators attended the Manvers site yesterday to explain the position to employees and to determine future strategy.
Russell Cash, restructuring and recovery partner at Baker Tilly, said: "DBC is a very well established business which has enjoyed a great reputation over a prolonged period. It is obviously very disappointing to see the company enter into administration.
"We are in discussions with a number of interested parties, some of which are at an advanced stage. We are hopeful that we will be able to secure a future for certain areas of the business."
Previously know as the Danish Bacon Company, the firm dates back to 1902. They were acquired in 2009 by WPD Limited, a company owned by Malcolm Walker, Andrew Pritchard and Tarsem Dhaliwal, the team behind Iceland Foods Limited.
It is expected that there will be further developments within the next few days.
DBC Foodservice website
Images: DBC Foodservice
Russell Cash, Ben Woolrych and Mark Wilson from Baker Tilly Restructuring and Recovery LLP were appointed as joint administrators, having previously been working to find a buyer for the firm.
The privately owned foodservice supplier offers a broad range of leading manufacturer brands supported by its own dbc label range. DBC sells into a variety of sectors and to leading names including Revolution vodka bars, Gourmet Burger Kitchen and the Barracuda Group.
With headquarters in Welwyn Garden City, the firm employs 982 people with depots in 11 separate locations across the UK. Just last year, they opened a new centralised customer service centre at their Rotherham depot.
Representatives of the administrators attended the Manvers site yesterday to explain the position to employees and to determine future strategy.
Russell Cash, restructuring and recovery partner at Baker Tilly, said: "DBC is a very well established business which has enjoyed a great reputation over a prolonged period. It is obviously very disappointing to see the company enter into administration.
"We are in discussions with a number of interested parties, some of which are at an advanced stage. We are hopeful that we will be able to secure a future for certain areas of the business."
Previously know as the Danish Bacon Company, the firm dates back to 1902. They were acquired in 2009 by WPD Limited, a company owned by Malcolm Walker, Andrew Pritchard and Tarsem Dhaliwal, the team behind Iceland Foods Limited.
It is expected that there will be further developments within the next few days.
DBC Foodservice website
Images: DBC Foodservice
0 comments:
Post a Comment