Thu, 27 Oct 2016 | ADMINISTRATION
A Lancashire engineering firm with roots in the Industrial Revolution has been rescued from administration.
BCH Limited, which makes turnkey systems for the manufacturing of food and confectionery products, said it was “delighted” it had been acquired by undisclosed private investors. BCH said several new jobs would be created as a result of its acquisition and it would continue to operate under the same brand.
The firm, based in Whitworth, has been in business since 1835 and was founded by three Victorian entrepreneurs - a brassfounder, a gold prospector and a confectioner.
BCH will continue to offer the same processing equipment and services with its management team remaining largely the same.
Following the acquisition, BCH will run autonomously to the owners, who plan to invest in new equipment to improve efficiencies and grow its presence overseas.
BCH makes processing systems for the manufacture of a wide range of food products, including jams, sweets, frozen meals and fruit toppings.
Stuart Grogan, operations director at BCH, said: “The team are extremely pleased that after 180 years in business, BCH will continue to design and manufacture the high quality processing equipment that they have become so well-known for.
“We look forward to a long future of developing technologies and welcoming customers to our Innovation Centre for product and equipment trials. ”
Insider Media reported that BCH, along with two other north-west based engineering firms, went into administration in September this year.
Contact the administrators here
Visit our businesses in administration hub for in-depth advice on all aspects of distressed businesses.
Indicative offers are required by close of business Monday 20th July. Long established business, founded in 1996. Good core, repeat business customers. Bonded warehouse. Established brand name.
Designs, supplies and installs fibre optic and IT cabling solutions for clients throughout the UK and Europe. Offers electrical, structured cabling and network/Wi-Fi solutions, AV equipment and LAN/ethernet, in addition to project management, consult...
LEASEHOLD
Imports an extensive selection of toys and gifts, which are sold to trade customers throughout the UK and internationally. Has established a strong reputation within its sector for its innovative product range, competitive prices and exceptional serv...
FREEHOLD
|
14
|
|
Jul
|
Huddersfield retail park acquired out of administration | COMMERCIAL PROPERTY
Huddersfield’s Gallagher Retail Park has been acquired...
|
14
|
|
Jul
|
Directors of distressed companies get more breathing space | BUSINESS NEWS
The temporary suspension of wrongful trading provisions intr...
|
13
|
|
Jul
|
Yorkshire retailer Peter Jones enters administration | ADMINISTRATION
Well-known Wakefield-based retailer Peter Jones has entered ...
Sign up to receive our acquisition alert emails to get your FREE guide
Business Sale Report is your complete solution to finding great acquisition opportunities.
Join today to receive:
All this and much more, including the latest M&A news and exclusive resources