Waverley TBS goes into administration

02 October, 2012

Waverley TBS, one of the UK's leading drinks distributors, has fallen intoáadministration.

Deloitte has been appointed to handle the process and said its intention wasáto keep the company trading while it attempted to find a buyer for theábusiness.

The Chesterfield-based company employs approximately 830 staff at 18 sitesáacross the UK.

Daniel Butters, leader of the restructuring services practice at Deloitte ináthe north east, said: "Waverley TBS is a prominent business within itsáindustry and we are in negotiations with a number of interested parties whoáare keen to acquire the company.

"The company has a committed workforce and a strong customer network acrossáthe UK, supplying to a large proportion of both national and free-tradeábeverage retailers across the country."

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