Steel supply company Australian Special Metals has collapsed.
Adam Nikitins from Ernst and Young was appointed as an administrator to ASM this week.
ASM has offices in Brisbane, Mackay and Perth, with the Mackay office only opening last year.
The business was founded in 1962 and its website describes ASM as “Australia’s leading distributor of high strength steels and a quality provider of steel processing services to the mining, construction, earth moving, agricultural, transport, hydraulics, waste, and automotive industries.”
SmartCompany contacted ASM and Ernst and Young but both failed to respond before publication.
A first meeting of creditors will be held in Brisbane on December 20, 2012.
ABOUT THE AUTHOR
Cara Waters is a former SmartCompany editor. Previously, Cara was a senior reporter for the Financial Times' website and worked for The Sunday Times in London.
COMMENTS
SmartCompany is committed to hosting lively discussions. Help us keep the conversation useful, interesting and welcoming. We aim to publish comments quickly in the interest of promoting robust conversation, but we’re a small team and we deploy filters to protect against legal risk. Occasionally your comment may be held up while it is being reviewed, but we’re working as fast as we can to keep the conversation rolling.
The SmartCompany comment section is members-only content. Please subscribe to leave a comment.
The SmartCompany comment section is members-only content. Please login to leave a comment.