Restructuring specialists Moorfields Advisory are pleased to announce the successful sale of the business and assets of Mix N Lay Ltd, a long-established ready-mixed concrete supplier in Essex, following its recent administration.
Mix N Lay, which has operated for over 45 years in Rainham, Essex, unfortunately fell into difficulty earlier this year following significant rising costs.
Moorfields was appointed as administrator and conducted an accelerated but comprehensive marketing process to preserve value. The business has now been sold via a pre-packaged sale to Easymix Concrete UK, an established supplier with strong sector experience.
Mike Solomons, Partner and Joint Administrator at Moorfields Advisory, said: “Our top priority was to maximise value and protect the legacy of a well-regarded business. This pre-pack solution preserves the operations of Mix N Lay, retains its workforce, and enables Easymix to continue serving customers without interruption.”
For media enquiries, please contact:
Katie Smith
Tel: +44 (0)20 7186 1144
Email: ksmith@moorfieldscr.com
