The start-up suffered from a fire at its manufacturing site a few weeks ago.
Liquidators have been appointed to the Galway-based battery systems manufacturing start-up Xerotech. The company, founded in 2015, employs 100 people.
Luke Charleton and Alan Large of EY-Parthenon’s Turnaround and Restructuring Strategy team have been appointed as joint liquidators to preside over the sale of the start-up’s business and other assets.
“The joint liquidators are commencing a process to seek out potential purchasers for the trade and other assets of Xerotech. The aim of this sales process will be to sell the trade and assets to secure the Xerotech business and to protect employment if possible,” the…
