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After three months of failing to find a buyer, Bosal UK has ceased production at its Walton Summit site, at a cost of 116 jobs.
The firm was £20m in debt and couldn't find a buyer as it didn't own any of the design or intellectual property rights to the products it produced.
"Following a lengthy marketing period it became apparent that no purchaser was in a position to submit a deliverable bid for the business as a whole, or specifically for the company’s manufacturing facilities.” The Dutch-owned Bosal Group later announced that it will be establishing a new sales and marketing company, Bosal Automotive and Industrial Components Ltd (BAIC), based near Preston, to look after the needs of current and future customers for Bosal products and services.
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