News

Collapsed bodybuilding and trailer firm Boalloy looks set to be sold off and broken up by administrator Pricewater-houseCoopers (PWC). PWC says "serious" discussions are ongoing with a number of manufacturers and other interested parties with regard to the Taut-liner trailer brand and the Fastruck express bodybuilding operation. A spokesman says: "Boalloy is a very good brand and it's of considerable interest to a number of manufacturers, although they are not necessarily already within the [trailer]  market."

Jim Gibb, Boalloy's former owner who sold out to Northern Irish firm JMF last year, has expressed his sadness at the company's demise. He says: "I'm really sad for the people who have lost their jobs and I'm sure that the new owners are equally disappointed that things - particularly high raw material prices and a very competitive trailer market - conspired against them. "They entered into it with great enthusiasm, but these two elements were the main cause of it. They never lacked for enthusiasm or commitment."