The 70 jobs at a Co Armagh company which went into administration have been saved after a buyer was found, it was announced today.
Plastics manufacturer Reflex Mouldings in Markethill has been bought by the FHS Group of Lisburn.
Administrators PricewaterhouseCoopers have continued to trade Reflex Mouldings since its directors requested it go into administration at the end of June.
The company manufactures floor tiles for industrial, commercial and domestic use and number plates and car mats for a variety of local and international customers.
It becomes part of FHS which operates a number of companies trading in a completely different field and operating under the Unicorn brand, specialising in waste management, healthcare waste and recycling solutions.
The amount paid for the business and assets of Reflex has not been disclosed.
PwC administrator Paul Rooney said FHS was offering employment opportunities to all existing employees. He said Reflex had called in the administrators because of trading and financial difficulties but there was still a core business.
PA