
Just weeks after Melbourne-based Tieman Industries had appointed voluntary administrators, the family behind the 62-year-old business has announced that it will retain ownership of its core tanker business.
Brothers Colin and Dale Tieman have succeeded in purchasing the tanker business and will now continue its operations as separate entity, while restructuring specialist KordaMentha pushes on with the sale of two other Tieman Industries divisions – a tail lift production arm and a repair and service arm.
Last week it was announced that the service arm and a 60-strong fleet of service vehicles would be purchased by refuse and recycling equipment specialist Wastech Engineering, with the name Tieman National Service to be changed to Wastech Field Service.
The Tieman family recently released a statement regarding the continuation of Tieman's tanker business, as follows…