The Colwyn Bay site of automotive parts manufacturer QHA Realisations Limited has been sold out of administration by KPMG.
The site in North Wales has been sold to Mark Water Pumps Limited, a newly incorporated subsidiary of Mark Exhaust Systems Limited, a joint venture with Suzuki Motors Corporation India.
Paul Flint and David Costley-Wood were appointed joint administrators of QHA and parent company Klarius Group Limited on 7 February.
The sale ensures the continued production of water pump systems at the Colwyn Bay site.
Flint said: “Having extensively marketed the business to potential buyers for a number of weeks and maintained slimmed down operations to meet outstanding contracts, we have secured a sale which confirms continued production at the site and 15 jobs in the local area.”
Following consultation with a number of QHA Realisations’ customers, short-term trading from the Colwyn Bay site recommenced on 18 March 2013.
On 7 February 2013, the administrators completed the sale of the Klarius emissions business based at Cheadle, Staffordshire to Klarius Products Limited, preserving 234 jobs.
Administrators made 42 redundancies at QHA’s distribution division in Hinckley, Leicestershire, and 117 redundancies at the company’s Glasson Dock site in Lancaster. Both ceased to operate.
A further 79 redundancies were made at the Colwyn Bay site.
The UK manufacturing sector has continued to suffer in 2013, as figures contracted for a second month despite forecasts of slight growth.
Manufacturing, which accounts for around 10% of the UK’s economy, fell by 0.8% in June according to the Office of National Statistics (ONS), an overall decrease of 3% compared to the same period in 2012.