Diversified Metal Engineering Saved from Receivership and Reopened as DME Process Systems
On March 6, 2019 At 1:15 pm
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CHARLOTTETOWN, PE – A Canadian brewing equipment manufacturer that filed for receivership last autumn has been saved by a European company and is now back in business.
Diversified Metal Engineering (DME) in Charlottetown ceased operations and went into receivership last November along with its sibling business, Newlands Systems (NSI) in Abbotsford, BC.
The company and brands have been bought by CIMC Enric Tank & Process B.V. (CETP) of the Netherlands, and the Charlottetown facility has been reopened under the name DME Process Systems. Previous DME staff members have returned to work, and the plant will continue to manufacture DME and NSI equipment, as well as provide parts and technical support to previous DME and NSI customers.
The purchase did not include the NSI plant in Abbotsford, which has proceeded through receivership, and had its inventory and other materials auctioned off last week.
Source: CBC News