Equestrian product manufacturer Vale brothers which was founded in the eighteenth century has been acquired out of administration. The deal with a company controlled by Baaj Capital secures 65 jobs and will retain manufacturing at the company’s two sites in Walsall and Cardigan.
The deal follows the appointment of Chris Lewis and Diana Frangou of RSM UK Restructuring Advisory LLP on October 18th.
Lewis said: We are delighted to secure the sale of the Vale Brothers business in a short timeframe, following a marketing process that generated significant interest.
“The restructuring has protected a significant number of jobs and improves the return to the company’s creditors.”
Jas Singh, chief executive of Baaj Capital LLP said: “The acquisition of Vale Brothers marks a move forward in the widening of Baaj’s interests in both manufacturing and online marketing.”
Share