Page last updated at 12:18 GMT, Thursday, 19 February 2009

Pottery firm secured in buyout

Denby shop
The firm has 16 warehouse shops across the UK

Bosses at a Derbyshire ceramics company say its future is safe after it was bought for 30m.

The 200-year-old Denby Pottery firm has faced pressure from the drop in retail sales and made 35 redundancies earlier in the year.

But its UK and US businesses have now been bought by a team led by managing director Gary Biggs.

The firm said 72m of debt was also being written off to guarantee its immediate future.

Mr Biggs said: "We are delighted that we have been able to secure a future for the Denby Pottery Company in what are unprecedented times both for the tableware industry and the global economy.

"With Denby's financial position now secure, we are looking to make a number of quality strategic acquisitions in the sector."

A spokeswoman for Denby said the firm could not give a guarantee that all jobs would be safeguarded as a result of the buyout and said it depended on how trading went over the next few months.

The firm employs 665 people worldwide with 465 of them working at the headquarters in Denby, Derbyshire.



Print Sponsor


SEE ALSO
Axe falls on jobs at pottery firm
04 Feb 09 |  Derbyshire
Pottery firm set to cut workforce
14 Jan 09 |  Derbyshire
Historic pottery firm jobs saved
20 Apr 04 |  Derbyshire

RELATED INTERNET LINKS
The BBC is not responsible for the content of external internet sites



FEATURES, VIEWS, ANALYSIS
Has China's housing bubble burst?
How the world's oldest clove tree defied an empire
Why Royal Ballet principal Sergei Polunin quit

BBC navigation

BBC © 2013 The BBC is not responsible for the content of external sites. Read more.

This page is best viewed in an up-to-date web browser with style sheets (CSS) enabled. While you will be able to view the content of this page in your current browser, you will not be able to get the full visual experience. Please consider upgrading your browser software or enabling style sheets (CSS) if you are able to do so.

Americas Africa Europe Middle East South Asia Asia Pacific