LONDON Vero Technologies has acquired all the molded enclosure and card guide standard product lines from APW UK Ltd, the Southampton based company that went into administration in January.
Last month, Kroll, the administrator appointed to oversee operations and seek a potential sale, said about 30 companies showed interest in buying all or some of the assets.
No financial details were given for how much Vero Technologies (Hedge End, Hampshire) paid for the assets, and at the time of posting this story, no-one was available at Vero to ascertain if it would take on any of the employees from the former APW to continue production.
Vero will start making all the products made by APM using the original tooling, guaranteeing continuity of supply.
The range includes well known brand names as Veronex, IDAS, Apollo, General Purpose Box, Patina and many others.
APW UK, formerly known as BICC-Vero, went into receivership in January. The enclosure maker employed 200 people at Chandlers Ford, England, and was sold by U.S. parent APW last July to two former employees for an undisclosed sum.