Barrengers Tasmania shuts down after 75 years

Glass merchant Barrengers Tasmania closed its doors on 14 December 2001 after failing to attract a white knight buyout – with the loss of 20 jobs.
The embattled Hobart company was placed in the hands…

Glass merchant Barrengers Tasmania closed its doors on 14 December 2001 after failing to attract a white knight buyout – with the loss of 20 jobs. The embattled Hobart company was placed in the hands of an administrator in mid-October, facing almost A$ 1.4 million (Euro 818.45) in debt and A$ 340,000 (Euro 198,784) in employee entitlements. The once Launceston-based family business had operated for about 75 years. Horwath Chartered Accountants insolvency division manager Steven Ponsonby said hopes had faded the business could be sold as a going concern. The company had its headquarters in Davey St and a small workshop and distribution centre in Launceston. Ponsonby said those losing their jobs were receiving full entitlements and redundancy payments. The final creditors meeting was sceduled for 10 January, but a final return in the dollar remains unknown.