A Worcestershire-based precision plastic and injection mouldings business has been acquired out of administration. P J S Mouldings fell into administration on August 11 2023, with administrators from Grant Thornton UK LLP subsequently concluding a sale of the business as a going concern to S M Automotive Division. P J S Mouldings, which is based in Redditch, was founded in 1993 and provided precision plastic and injection moulding services to a range of sectors, with a particular focus on serving the automotive market. The acquisition, overseen by joint administrators Rob Parker, Jon Roden and Helen Dale of Grant Thornton UK LLP, sees P J S Mouldings’ business and assets sold to Solihull-based S M Automotive Division as a going concern. S M Automotive Division is a subsidiary of West Midlands mouldings group Stechford Mouldings, which has been operating in the region for more than 80 years. The acquisition of P J S Mouldings’ business and assets sees all operations transfer to the new owner and secures more than 70 jobs. In P J S Mouldings’ most recent accounts at Companies House, for the year ending March 31 2022, the firm reported fixed assets valued at slightly over £0.5 million and current assets at £1.8 million. At the time, the firm owed creditors around £1.7 million within one year and £370,723 after more than one year, leaving its net assets at £241,838. Commenting on the sale, joint administrator Rob Parker said: “We are very pleased to have completed a going concern sale of the business, which secures the continued employment for a loyal workforce in these challenging economic times. S M Automotive Division Limited appears to be a great fit for the business and well placed to serve its customers in the future”. Distressed acquisitions can deliver enormous value - but it is vital to undertake a thorough due diligence process

'They've changed the colour so [meat trays] are also sortable,' he said, adding that it had taken a lot of work to improve the design.

The nation produced a massive 2.5million metric tonnes of plastic waste in 2018-19, a National Waste report said (pictured, an Aussie materials recovery centre in action)

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Pet food bags (chaff/horse/chicken) - both the plastic and woven polypropylene types (but not woven nylon). Cut into A3 size pieces and shake free of as much product as possible

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New clear plastic trays for meat were introduced because they can be picked up by the automated recycling machines (pictured, the new trays)

'Understandably, the pandemic has led to an increase in online shopping and with it a higher amount of packaging for consumers to dispose of at home,' a spokeswoman from sustainable packaging advocates APCO said.

The REDcycle Program makes it easy for consumers to keep 'soft' plastic used in plastic bags and food packaging out of landfill:

The soft plastics were changed from black to clear two years ago because the optical sorting technology used wouldn't work on black-coloured trays.

Soft plastic waste collected via the REDcycle bins outside Coles and Woolworths  grew by 200 per cent in the 2020-21 financial year.

The change occurred as the nation produced a massive 2.5million metric tonnes of plastic waste in 2018-19, a National Waste report said.

They were removed from the conveyer belts instead of being sent through to recycle new products, such as pots for plants.

Mr O'Farrell added that non-packaging plastics used in cars, clothes, household and electronic goods have a shocking recycling rate of seven per cent.

Potting mix and compost bags - both the plastic and woven polypropylene types (cut into A3 size pieces and free of as much product as possible)

Waste management consultancy Blue Environment's director Kyle O'Farrell told The Australian the new look has a simple purpose.

Established in the 1960s and operating from its own premises in Yorkshire, the company specialises in the design and manufacture of special-purpose machines, jigs, fixtures, gauges and precision tooling assemblies.

He said most big manufacturers have moved away from using PVC plastics and to polypropylene (PP), which contains hydrogen and carbon.

The black soft plastics (pictured) were removed from the conveyer belts instead of being sent through to recycle into new products like pots for plants

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