A Blackpool range cooker supplier has been bought out of administration saving 67 jobs.
Britannia Living Appliances which supplies traditional and contemporary range cookers from its base in Bristol Avenue, Blackpool has been bought by Glen Dimplex Home Appliances.
It was established as JCA in 1984 at Mowbray Drive by John Armstrong. However, it later changed its name to The Range Cooker Company and was one of the first to introduce range cookers in the UK selling cookers for bespoke kitchens through stores such as John Lewis and Harrods.
It was brought to the AIM stock exchange in 1997 but in 2002 a £22m private equity backed management buyout took it off the AIM and rebranded it as Britannia Living.
In September 26 it was placed into administration and FRP Advisory which has an office in Manchester was appointed with Russell Cas and David Thornhill acting as joint administrators.
They sold the business soon after to the Liverpool based company.
Russell Cash, partner at FRP Advisory, said: “We are thrilled to have secured the future of this long-standing business and the employment of its entire staff.
“We wish the purchaser and everyone involved with the business continued success in the future.”
Denver Hewlett, chief executive of Glen Dimplex Home Appliances, added: “We are delighted that we have acquired such a great brand with an impressive history and are confident we can support its future development.
This acquisition supports our long-term strategy of developing and expanding GDHA’s presence in the premium appliance market.”
GDHA had a turnover of 1.6 bn and 8,500 employees in 2010.