gmc goes into receivership

Mon Dec 1, 2008

Melbourne-based power tool firm Global Machinery Company (GMC) has gone into receivership after a fall in turnover.

The Tullamarine-based company employs 45 people and its brands include GMC, Triton and Redeye.

The receiver, KordaMentha, says the company's current turnover remains at $100 million.

It says expects to be able to sell the business and is seeking immediate expressions of interest.


http://www.abc.net.au/news/stories/2008/12/01/2434730.htm