Member Article

Kitsons bought out of administration

Kitsons Environmental Europe Limited has been acquired by South Yorkshire-based Euro Dismantling Services Ltd (EDS).

Warrington-headquartered Kitsons entered into administration this month and parent company Silverdell Plc has now bought the business back through its subsidiary, EDS.

The deal has been capped at £8m following the completion of a valuation of the Kitsons business.

Kitsons will now operate as a separate division of EDS and all staff will transfer. The firm also has a base on Teesside.

This was posted in Bdaily's Members' News section by Tom Keighley .