Surface Transforms sold out of administration: Combined Authority and staff react to supercar brake firm deal

▤ Summary

Surface Transforms has been sold out of administration to CCST Limited in a £1.4m deal. The new owners are led by former Surface Transforms directors and plan to restart production of ceramic brake discs. They also intend to recruit additional staff and keep the Liverpool facility operating to serve existing customer programmes. The deal preserves some jobs, but the company has lost its biggest customer and shareholders will receive no return.

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