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Mivan assets sold

3 Feb 14 The brand names and assets of Mivan have been sold by the company’s administrators to fit-out specialist MJM Marine.

Last week it was announced that Mivan had ceased trading after attempts to sell it as a going concern came to an end.

Mivan had significant marine refurbishment activities, fitting out cruise ships, as well as construction.

MJM Marine has bought the property, plant & equipment and the Mivan name.

Mivan administrator Peter Allen of Deloitte said: “We had initially hoped to achieve a sale of the business as a going concern, but this sale of the assets will provide an opportunity to continue the Mivan name and hopefully the Antrim facility. The assets have been sold as a package to a strong player in the industry – and potentially this will provide a platform for new jobs to be created.”

MJM managing director Brian McConville said: “MJM have built up a strong reputation as a global player in the industry and there are obvious synergies between our two operations. There are exciting opportunities ahead to re-establish the Mivan brand in existing and new international markets.”

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