The administrators were seeking expressions of interest from potential local and international buyers.
They said Nanolayr owned “world-leading technology and assets” and the administrators expected strong interest from other companies.
Nanolayr’s flagship 5500sq m manufacturing plant at Māngere Bridge produced nanofibre textiles at scale.
“Nanolayr’s investors have been very supportive of the company’s potential as they have sought commercial scale,” a statement from Nanolayr and Grant Thornton said.
“As such, they are endeavouring to support all staff impacted by this decision.”
– RNZ