End of an era for major machinery companies

After more than 40 years in business, Aotea Machinery announced that on May 15 the company has gone into liquidation along with PT Equipment Limited.

“On 15 May 2020 at 8.40 am, it was resolved by special resolution of shareholders pursuant to section 241(2)(a) of the Companies Act 1993 that Aotea Machinery Limited and PT Equipment Limited be liquidated and that Christopher Carey McCullagh and Stephen Mark Lawrence of PKF Corporate Recovery and Insolvency (Auckland) Limited, both RITANZ Insolvency Practitioners accredited by CA ANZ, be appointed jointly and severally as liquidators for that purpose,” a public notice stated.

Aotea has been a leading provider to New Zealand’s manufacturing industry, with a range of equipment for sheet metal, CNC, fabrication, injection moulding and more.

PT Equipment Ltd traded under the name Sheet Metal Tooling and was the New Zealand agent for German brands Pass|Stanztechnik and UKB, and Yestool from Korea.

The liquidators have fixed July 15, 2020 as the day on or before the company are to make their claims and establish any priority their claims may have.