The 150,000 sq ft manufacturing facility in Stoke-on-Trent, of leading trade fabricator, Lister Trade Frames, has been acquired by well-known industry figure Roy Frost and his group GJB Holdings.
Backed by North West-based entrepreneur Alan Rothwell, the deal will secure around 70 jobs in Stoke-on-Trent. VEKA/HALO will continue to be the main strategic partner, together with the premium Residence Collection, Solidor, and the full range of ALUK Aluminium.
The £12m turnover company made a number of investment decisions that failed to deliver expected results and it was placed into administration on the 29th August. The administrators received over 25 enquiries from interested parties.
GJB Holdings, with the assistance Kevin Philbin of Beyond Corporate, are delighted to be the successful new owners. The new structure sees two existing directors, Phil Warren and Darren Pusey, continuing in the new management team.
