The 150,000ft2 manufacturing facility of trade fabricator, Lister Trade Frames, has been acquired by Roy Frost and his group, GJB Holdings.
Backed by North West based entrepreneur, Alan Rothwell, the deal will secure around 70 jobs. Veka/Halo will continue to be the main strategic partner, together with the premium Residence Collection, Solidor, and the full range of AluK Aluminium.
The £12m turnover company, based in Stoke-on-Trent, is said to have made ‘a number of investment decisions that failed to deliver expected results’ and was placed into administration on the 29 August. The administrators are said to have received more than 25 enquiries from interested parties. GJB Holdings, with the assistance Kevin Philbin of Beyond Corporate, are the successful new owners. The new structure sees two existing directors, Phil Warren and Darren Pusey, continuing in the new management team. Mark Warren, MD of Lister Trade Frames, has decided to step away from his role.
Roy commented: “Listers have been a great business for 40 years. Their reputation was built on supplying innovative products with great levels of service backed up by superb marketing support, and we will develop and improve on this. We will keep it simple and get back to basics, focusing on our core products and remove any distractions. We will be concentrating on delivering excellent levels of customer service to our 900+ customers, giving them the competitive edge they need. I’m really looking forward to working with Phil and Darren to bring some fresh new ideas and new energy into the business. This acquisition fits perfectly with our long-term strategy for GJB Holdings. Onwards & Upwards!”
