Successful sale of Kleenmaid spare parts and service businesses saves jobsDOWNLOAD
The Joint Liquidators of Kleenmaid, Richard Hughes, John Greig and David Lombe have completed the sale of both the EDIS spare parts and Kleenmaid Customer Solutions (KCS) service and maintenance businesses for an undisclosed amount.
Deloitte Partner Richard Hughes said: “These transactions have helped to secure the jobs of 16 EDIS employees who are responsible for ensuring spare parts are available for the half a million Kleenmaid appliances currently installed across Australia. The sale of KCS will enable up to 30 service van franchisees to continue to operate and provide valuable maintenance and repairs support to Kleenmaid customers.”
Mr Hughes continued: “I’d really like to thank the EDIS employees who worked extremely hard to keep the spare parts business going in difficult circumstances until we could complete the sale.”
“Due to the support of several key parties including the main secured creditor of Kleenmaid, Westpac Bank, these businesses have been sold as going concerns and customers will continue to have access to essential spare parts and maintenance support for their appliances,” said Mr Hughes.
KCS has been acquired by Aussie Whitegoods Rescue (AWR).
Geoff Bartels, AWR director, said: “Aussie Whitegoods Rescue will move quickly to again provide full service nationally to all Kleenmaid product owners across the full range of Kleenmaid products.”
“We thank the customers for their patience during this difficult time and assure them that the Kleenmaid service and maintenance support number (Tel: 1300 652 100) will be fully operational again by Monday 6 July 2009,” said Mr Bartels.
The operations of EDIS will be continued by Edis Pty. Limited. Edis is a new company associated with Stokes (Australasia) Limited.
Stokes director, Gordon Elkington said: “Edis Pty. Limited will operate as a standalone company, and will continue to offer customers the high level of service which they have come to expect of the former EDIS brand.”
For more information on the insolvency process visit: Australian Securities & Investments Commission.
A full copy of the report to creditors can be downloaded here.