67 jobs saved as West Bromwich castor maker is bought out
A West Bromwich manufacturer has been bought out of administration saving the remaining 67 jobs but its premises are to be sold off.
Colson Castors at Hill Top, which import and manufactures castors for the retail, medical and industrial market, went into administration on December 29 putting 80 jobs at risk at West Bromwich, but it has now been bought by its parent United States group Colson Group Holdings through new subsidiary Colson UK.
Colson UK will manage the business at its current location while it arranges to relocate the assets purchased to a new site in the area. Included in the assets were all of the Colson Castors' brands. All remaining 67 employees were transferred to the purchaser.
"We are pleased the Colson Group bid was successful and look forward to transitioning the business to our new company," said Tom Blashill, Colson Group chief executive.
"Our experienced team in the UK is committed to providing outstanding products and support to our customers in a structure that will support their future success," he added.
