Provisional liquidators have been appointed to food-truck business Reward Catering over “significant concerns” that the Irish company exported hundreds of vehicles to the European market without the proper design and safety certification. Having agreed a deal in 2022, Swedish publicly-listed firm Teqnion paid €8.2 million in total acquring the family-run customised mobile food truck and trailer provider (renamed Sunward Holdings Ltd), including a €3 million earn out fee. Now it has stepped in to pull the plug on its own business, having withdrawn all financial support. The buy-out has not been a happy affair. Matters came to a head on…
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