Jobs saved with Huddersfield chemicals firm rescue deal
A Huddersfield-based chemicals manufacturer has been sold to a new owner in a deal that sees the firm saved from collapse.
Grosvenor Chemicals has been bought by JT Agro and Widecover for an undisclosed sum, in a deal completed by business advisory firm Quantuma.
Originally part of the Whyte Group, Grosvenor Chemicals was founded 25 years ago and is based in Linthwaite, specialising in fine chemicals, PVA emulsions, formulation and filling and contract packaging.
The deal will see the remaining workforce of Grosvenor Chemicals keep their jobs, with all of the firm’s operations and assets transferring to the new owner, who will trade as JT Grosvenor Limited.
Commenting on the deal, Paul Zalkin, partner at Quantuma, said: “After being appointed as administrators the easy decision would have been to close the gates.
“Instead we worked hard to stabilise operations and, with the support of the company’s employees, customers, suppliers and its lender, have rescued the business.
“JT Grosvenor has ambitious plans to invest and expand the business - we wish them every success.”
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