Milsted Langdon secures buyer for RockTron Group

A company which specialises in converting waste fly ash from coal-fired power stations into high value mineral products has had its future secured thanks to two partners at Milsted Langdon.

RockTron went into administration in October 2013 after failing to secure the funding needed to start work on a new advanced product plant in South Wales capable of producing 400 kilo-tonnes per annum (ktpa). This resulted in 10 redundancies – one at the head office in Bristol and the rest at its production facility and test laboratory in Gale Common, Yorkshire.

Simon Rowe and Roger Isaacs, who are both licensed insolvency practitioners, were appointed as joint administrators of the group.

Simon said: “The business has now been sold at auction to an American investment firm called Liberation Capital, which has saved approximately 50 per cent of the original workforce and is now actively seeking partners to help it grow the business and realise its potential.”

Posted in Press Releases.