Cor Cordis successfully completes sale of the TRACK Trailer business

Cor Cordis, appointed as voluntary administrators for Harvey Technology Pty Ltd and Outback HQ Pty Ltd trading as TRACK Trailer, has successfully completed the restructure and sale of the business. The sale, completed on Friday 6 September 2024, after submitting a report to creditors on Thursday, marks a significant milestone in the administration process.

"We are pleased to announce the successful sale of the TRACK Trailer business," said Barry Wight, Partner at Cor Cordis. "This achievement highlights our commitment to securing the best possible outcome for creditors."

The sale has safeguarded the ongoing employment and represents a positive outcome for employees, including a substantial return to the first-ranking secured creditor.

"This successful outcome not only preserves jobs but also secures the future of a longstanding family business," added Barry Wight.  "We are grateful for the cooperation of all parties involved, which was instrumental in achieving this result."

Specific details regarding the sale cannot be disclosed due to confidentiality obligations under the Business Sale Agreement (BSA).

For further information, please refer to our initial press release dated 6 June 2024, available here.

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Media enquiries

Lidia Bufalino, National Marketing Director,

Email: lbufalino@corcordis.com.au

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