BJC Investments Pty Ltd purchases Denmac FordDOWNLOAD
4 July 2011: The Receivers and Managers can confirm that BJC Investments Pty Ltd (BJC Investments) purchased the business and assets of Denmac Ford Pty Ltd on 23 June 2011. Deloitte partners Richard Hughes and John Greig were appointed as joint and several Receivers and Managers of Denmac Ford on 11 May 2011.
With more than 20 years experience in the motor industry, BJC Investments General Manager, Glenn Ross, says he is excited to be able to restore the Denmac brand.
“The business will continue to trade under the Denmac Ford name and we are delighted that 23 members of the remaining Denmac Ford staff were retained during the purchase process, with a number of former Denmac staff also being rehired since the deal was completed.”
“We’ve retained a great team of people and they all have a strong vision for the long term future of the company. Everyone involved is excited to now have the opportunity to continue building their solid reputation in the community for professional and honest service.”
Joint Receiver & Manager, Deloitte partner, John Greig said: “Since our appointment suppliers, creditors and the remaining employees have been extremely patient and supportive while we sought a suitable purchaser for the entire business. I’d personally like to thank everyone involved for their hard work in helping to successfully complete transaction.”
Brisbane’s Denmac Ford has been an established Ford dealer servicing Brisbane’s south western suburbs for more than 30 years. Its head office, sales, service and parts are located at 2580 Ipswich Road, Darra, with a sales centre at Moorooka and a service and parts centre at Indooroopilly.
The joint Receiver & Manager will refund any deposits made after their appointment on 11 May this year and any queries in this regard should be directed to Chris Nolan on 07 3308 7442.