Wellington foam manufacturer tips into voluntary administration
Voluntary administrators hope to revive the cash-strapped manufacturer.
Fiona Rotherham Fri, 13 Oct 2017
Upper Hutt manufacturer Acma Industries has gone into voluntary administration, which places a moratorium on creditors from taking any action.
The firm, which makes a number of innovative foam products including for the export market, has about 40 staff. It has estimated debts of between $2.5-3