A 33-year-old Hunter Valley family-owned company specialising in textiles, fabrics, canvas and PVC products with 65 staff members is now for sale after entering voluntary administration.
Late last week, Sule Arnautovic from Salea Advisory was appointed voluntary administrator of Rutherford-based Wax Converters Textiles – a specialist that provides textiles to a wide variety of companies including key combat clothing and related accessories to the Australian Defence Force.
Products in the company’s portfolio include defence and camouflage fabrics, awning and sun blind fabrics, horse rug fabrics, architectural fabrics, transport PVC, caravan annexe fabrics and artistic canvases.
The company experienced a…
