Update from Voluntary Administrators regarding Oceania Glass

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Joint and Several Voluntary Administrators of Oceania Glass Pty Ltd (the Company) have been unable to secure a buyer for the business as a whole, and regretfully glass manufacturing at the Company’s Dandenong factory will cease shortly.

As a result, the Administrators have had to make the difficult decision to make 56 employees at the Dandenong manufacturing facility redundant effective immediately with the potential for a further 95 redundancies over the coming weeks as the Company’s float line and production facility is wound down.

The distribution facility co-located in Dandenong will continue to operate as usual as over the forthcoming weeks whilst the Administrators continue to explore the sale of the Company’s national distribution business as they work with several interested parties through a due diligence process.

“We wish to extend our thanks to the employees of Oceania Glass for their patience and co-operation during this difficult time as we begin the process of ceasing manufacturing operations at the Dandenong factory. We acknowledge this latest outcome is stressful for employees and their families and are providing support services to those affected,” said Lisa Gibb, Joint and Several Voluntary Administrator from Grant Thornton.

Further updates will be provided in due course.

Oceania customers and creditors can email oceaniaglass@au.gt.com for further information.

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