A County Durham maker of plastic injection moulds and molded tools has collapsed into administration with the loss of 23 jobs.
Administrators handling Newton Aycliffe-based Mold Systems (Europe) Ltd say there has been interest in the company's brand and assets from potential buyers. The business was incorporated in the summer of 2019 after its predecessor Mold Systems Limited - based at the same Aycliffe Industrial Park address - also fell into administration around the same time.
Mold Systems (Europe) described itself as a technical toolmaker supplying a variety of markets include the medical, pharmaceutical, laboratory, caps and closures, packaging and automotive. From its 50,000 sqft premises it offered computer-aided design and computer-aided manufacturing, as well as in-house design through to mould polishing, assembly and in-house validation.
