Yorkshire buy-out saves sweets firm
सोमवार, 16 नवम्बर 2009
Accrington-based Stockley's Sweets has been bought out of administration by Yorkshire firm Morris and Son - with 38 jobs saved in the process.
The Leeds-based wholesaler acquired the Lancashire firm for an undisclosed sum after the collapse of Woolworths led to the failure of parent company Mr Lucky Bags.
The deal, which was pulled together in three days, will see the supply chain of Stockley's Sweets strengthened with additional capital. The range of products offered will also be extended.
Andy Needham, managing director of Morris and Son, said: "Stockley's has always been a very solid business that was unfortunately dragged into problems caused by the failure of its parent company.
"We saw a really good fit between our businesses and have been able to secure a deal with the administrators that saves all the jobs, helps us grow our business and creates more opportunities for Stockley's too, so it's a dream deal for us."
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