Jain family invest £2.1 million in Avocet Hardware

The Jain family has invested a further £2.1 million in Avocet Hardware, the Brighouse-based firm which was bought out of administration earlier this year.

RTMV Jain bought Avocet’s in February and have now invested to ensure stock levels are up.

Dr Tinkle Jain, director of Avocet Hardware, stated: “Since buying Avocet we have invested heavily in order to place the company in a position where we can legitimately lay claim to once again being the leading player in the home window and door security market.”

“We now have the team, the product and the product availability to confidently state that the Avocet Hardware house is well and truly in order.”

The firm operates door and window; ABS high security locks and builder hardware divisions.

In recent months Avocet has taken a number of major steps on the road to re-establishing both its name and its reputation – including exhibiting at two of its industry’s major exhibitions for the first time since administration and being recruited by the Neighbourhood and Home Network Watch as its primary home security sponsor.

The Jain family has business interests in Malaysia, Indonesia, India, China and the UK, which in total employ over 5,000 people and turnover £416million per annum. It also owns over £100million of real estate in India, the UK and the United States.

In recent years the family has come to specialise in rescuing stricken companies. Its most recent UK success story being the purchase of tool and garden equipment manufacturer, Eliza Tinsley. The Black Country firm went into administration in 2006, was promptly bought by the family and returned to profitability in its very first year of operation.