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Home » News & Events » Baltec Systems Pty Ltd |
News |
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Baltec Systems Pty Ltd We are happy to announce that BHA Group Inc. recently purchased the remaining assets of Baltec Systems Pty Ltd and Baltec Global Pty Ltd including all rights to their products (including the PC230 precipitator controller). We have had a number of people calling with various questions about the acquisition, so here are some answers to these frequently asked questions: |
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What happened to Baltec? Late in 2003 Baltec Systems Pty Ltd was placed in receivership by the National Australia Bank. At the time Baltec had racked up a debt approaching one million dollars. PriceWaterhouse Coopers was appointed as the administrator with the aim of recovering as much money as possible to pay debters (including the employee entitlements). PWC sold the remaining assets and intellectual property rights of Baltec Systems Pty Ltd to a new entity which was set up called Baltec Global Pty Ltd. Baltec Global continued to trade and completed some of the remaining projects which Baltec Systems had underway at the time of the receivers being appointed. Alistair Henderson, the former owner and managing director of Baltec Systems, was not part of Baltec Global Pty Ltd but continued to work with them as a consultant. All of the employees of Baltec Systems lost their job except for William Neil who continued to work for Baltec Global. In February 2004, BHA Group Inc. bought Baltec Global Pty Ltd and hence all of the assets and intellectual property of Baltec Systems. We offered William a job (which would have necessitated a move to Wollongong) but he decided to stay in Brisbane and took a job outside the air pollution control industry. The remainder of Baltec Systems has now been amalgamated into TAPC (as the Australian representative for BHA). Most employee entitlements were paid out by PWC. Please note that "Baltec East Asia Pty Ltd", "Baltec Pacific Pty Ltd" and "Baltec Australia" are not associated with Baltec Systems Pty Ltd and none have been given the rights from BHA to sell Baltec Systems Pty Ltd equipment in Australasia. |
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Will we continue to sell the Advantech range? Baltec Systems Pty Ltd was a distributer for Advantech equipment. BHA and TAPC are air pollution control companies so unfortunately, we have no experience in this line of equipment. We will not be continuing to sell Advantech equipment. For enquiries on any Advantech equipment we suggest that you contact:
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Will we continue to sell the Baltec's range of air pollution control equipment? There are many products within the Baltec range that already exist in the BHA range of equipment. In some cases we will be replacing Baltec items with BHA items. In other cases we may continue to sell the Baltec item. Please click here for a complete listing. |
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Site last updated 29th April 2005 ©2005 Total Air Pollution Control Pty Ltd. All Rights Reserved. Unauthorised copying and reuse of any content in any form is strictly prohibited. Use of this Web site constitutes acceptance of the TAPC User Agreement and Privacy Policy. |