Australian components maker Ajax Engineered Fasteners has entered liquidation following a meeting of its creditors. Ajax, which supplies nuts and bolts for use in engines, drivelines and brake systems, was a division of Melbourne-based Global Engineered Fasteners Pty. Ltd. (GEF), the largest manufacturer of industrial and automotive fasteners in the Southern Hemisphere. Workers had hoped Ajax could be sold to India’s Uma Group, but it was decided the supplier is not viable in its current ...
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