A total of 26 jobs in Ripon have been saved by the acquisition of troubled company Ebor Concretes.
The firm, which was founded in 1942 and is based at Ure Bank Top, went into administration late last year.
But it was announced today that Nottingham firm JP Concrete Products had acquired it.
Philip Cavalier-White, director of JP Concrete Products, said:
“We are delighted to have been able to secure the future for Ebor Concretes’ factory and staff.
“We saw great value in the team of people and are excited about the future as we develop the site and staff as part of our wider business.”
Leeds-based, Armstrong Watson’s restructuring and insolvency partners Rob Adamson and Mike Kienlen assisted with the accelerated sale of the business.
Read more:
- Your chance to shape free summer activities for Ripon children
- Ripon beauty queen qualifies for UK final
In a statement today, Armstrong Watson said it worked in conjunction with BPI Asset Advisory to find two bidders keen to proceed with the acquisition. It added that ‘everything was heading in the right direction until the end of November, when the director unexpectedly passed away’.
However, the deal has now been finalised.
Mr Adamson said:
“Our job is to help people and businesses address their challenges and find solutions. The director’s sudden passing caused a few issues, however we worked with the family who were keen to proceed with the sale.
“The strategy was simple — keep the business trading whilst we tried to complete the sale process.”
Ebor Concrete, which designs and manufactures precast concrete products for UK structural and civil engineering construction projects, previously entered administration in 2019 with the loss of 30 jobs.
JP Concrete Products has been supplying precast concrete products to the construction and agricultural markets since 2007 and has sites in Nottingham, Devon, East Sussex, Liverpool and Yorkshire.
