Troubled Hot Dog Maker Saved from Further Administration
Business advisory firm KPMG has confirmed that UK hot dog maker Westler Foods was already taken over by a buyer.
The hot dog maker went into administration December 2010 when the company could no longer continue striving to fund its pension scheme. Westler Foods was fortunately saved from further suffering the troubles of administration when With Comb Limited purchased the hot dog maker with the support of private-equity company RCapital.
“A number of the former company’s directors will be part of the new management team. The purchase is being backed by RCapital and took place on 29 December,” said a KPMG source familiar with the purchase.
The KPMG spokesman added that although the administrators declared redundancies when the Yorkshire-based hot dog maker, which employs about 200 people, went into administration, 162 jobs have been transferred to the new management.
Some of the brand names connected to the hot dog maker are Westlers, Multi Menu, Tyne, BigMex, Chesswood, Wayfayrer, Military Rations and Compleat.