Protim Abrasives petitions for examiner

An Irish firm that makes wood preservatives is seeking bankruptcy protection after amassing debts of more than €13 million.

Ian Kehoe - avatar

Ian Kehoe

12th September, 2009

An Irish firm that makes wood preservatives is seeking bankruptcy protection after amassing debts of more than €13 million.

Protim Abrasives has revenues of €20million and employs 45 people, but is petitioning the High Court for the appointment of an examiner after running into significant financial difficulties. It has informed the High Court that it intends to petition for the appointment of an examiner on Wednesday.

Kieran Wallace, head of insolvency with KPMG accountants, has...

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