Bradford-based contractor HB Projects has agreed a deal with administrators to buy a company which specialises in the construction of controlled environments for use in the food production and pharmaceuticals sectors.
Following an accelerated marketing process ahead of the administration, the Glossop business and its assets were sold to HB Projects on appointment. The deal resulted in all six jobs at the company being saved.
HB Projects managing director Chris Clarke said: "This is a fantastic opportunity for HB Projects to acquire a business well known for its quality and specialist offering in 'high-care' environments, which complements our own strategic approach and principles of quality, innovation, performance and health and safety in the service of our clients."
Ryan Millmore, head of our corporate recovery team provided advice to HB Projects.