One of Australia’s largest plastics recycling businesses has collapsed into voluntary administration, creating uncertainty for the company’s dozens of employees.
Recycling Plastics Australia has appointed Tim Mableson and Ned Swifte from KPMG as voluntary administrators.
One of Australia’s largest plastics recycling businesses has collapsed into voluntary administration. Getty
The business is based in Kilburn in South Australia and employs about 60 staff.
Recycling Plastics Australia’s directors said voluntary administration “is the most appropriate course of action to preserve value and provide the business with an opportunity to explore restructuring and recapitalisation options”.
“A significant factor in this decision was…