Voluntary Administrators of Trident Plastics (SA) Pty Ltd and Tranmore Enterprises Pty Ltd
Daniel Juratowitch and Rachel Burdett of restructuring advisory firm Cor Cordis were appointed Voluntary Administrators of Trident Plastics (SA) Pty Ltd and Tranmor Enterprises Pty Ltd on 26 June 2023.
Trident Plastics is one of the largest custom moulders in Australia offering a full suite of services from development and design, to manufacturing of plastics products catering to a diverse range of clients. The group employs approximately 160 employees.
Plastic products have been made at the St Clair plant since the mid-1980s, and the formation of Trident Plastics in 1995 allowed the business to expand into manufacturing.
In 2020, the purchase of the assets of Maxiplas Pty Ltd complemented their existing business. The Company secured large rotational moulding machines and additional injection moulding machines, together with water tanks and water retention systems for both residential, commercial, and agricultural use. The Tranmor Enterprises entity operates the rotational moulding business using the trademarked Maxiplas name.
The directors of the company chose to place the Company into administration following manufacturing and supply chain challenges, together with the impact of Covid-19 and the unplanned and unexpected relocation costs associated with Maxiplas.
“We’ve commenced an urgent review of Trident Plastics’ financial position. We will be providing regular updates to all stakeholders as we work through the voluntary administration process whilst looking at all future options for the Companies”, said the Administrators.
Lidia Bufalino, National Marketing Director, firstname.lastname@example.org
For further information in relation to the administration of the Trident Group, please contact Cor Cordis via the details below: –
Cor Cordis, Level 29, 360 Collins Street, Melbourne, Victoria 3000
Information for media
Statement from Cor Cordis regarding Trident Plastic & Tranmor Enterprises – 20 July 2023