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Host von Schrader to cease trading

Host von Schrader to cease trading

The Directors of Host UK Ltd, t/a Host von Schrader, have announced the closure of the business.

In a statement Host UK’s Managing Director, Mike Egerton, said: “Our USA parent company, Racine Industries, has over the past few months experienced severe trading difficulties and, as a consequence, has been unable to supply the UK market with enough equipment and product for us to remain solvent.

“Therefore, after seeking legal advice, we have had no option but to cease trading despite having a full, and profitable order book.

“We are working hard with our American colleagues to resolve the situation, and in the interim, all enquiries should be directed towards parent company or the liquidators.

“All of us at Host von Schrader here in the UK are desperately sorry that we have had to take this action but, given the current circumstances in the USA market, we have been unable to legally take any other course of action.”

For any inquiries, please contact Margie Pias at Racine Industries Inc, or Chris Jones at Royce Peeling Green.

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