Two industrial companies owned by a Kettering-headquartered specialist investment firm have fallen into administration, Insider can reveal.
Hughes Armstrong Industries, which acquires or invests in underperforming British manufacturing companies, has been hit by the administration of Brighouse-based BCI Brewchem Ltd, a manufacturer of steelwork structures used in the food, beverage and water industries, and Halifax Machine Company Ltd.
A spokesman for Hughes Armstrong said the firm was very disappointed by the administrations which had been “brought about by the massive decline in the oil, gas, and steel sectors”.
“The…
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