Maxaret is on the skids
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• Several manufacturers of anti-lock braking systems are in the queue to buy up ASC Maxaret.
The Coventry-based company, suffering severe financial problems for many months, has finally gone into Receivership and is up for offers.
Earlier this year Maxaret introduced its new anti-lock braking system for tractive units and rigid vehicles — the CRM Maxaret — but sales were not as good as had been envisaged and were not enough to save the company.
Along with the UK-based company, included in the "for sale" package are two companies registered in Ireland — holding company PCB Controls and its subsidiary Anti-Skid Controls, providing the technical back-up to Maxaret's product development.
The Receivers hope to sell the business as a going concern to safeguard the jobs of the six people still working for the company.