Famous carpetmaker acquired by rival just a week after administration
The trade and assets of Worcestershire carpetmaker Grosvenor Wilton have been acquired in a new deal just a week after the business lapsed into administration.
Kidderminster-based Brockway Carpets swooped for its near-neighbour yesterday in a sale brokered through administrators at MB Insolvency, who were appointed on April 13.
The terms of the deal, which has secured the jobs of the entire Grosvenor Wilton workforce, have not been disclosed.
Grosvenor Wilton is one of the most famous carpet brands in the world. The company, first established in 1790, has created bespoke carpets for some of the world’s most historic palaces, stately homes, public buildings and private residences.
Examples include exclusive projects for Buckingham Palace, Hampton Court Palace, The Mansion House, The White House and the Royal Pavilion Brighton. Within the Midlands, it has also fitted out Warwick Castle and Hagley Hall.
Following the sale, the company will continue to be known as The Grosvenor Wilton Company and will operate independently within the Brockway group of companies.
The deal secures the future of the company’s factory in Hartlebury and protects the skills and craftsmanship of all its staff.
Charles Annable, chairman, Brockway, said: “Grosvenor Wilton is one of the finest bespoke manufacturers of the highest quality woven carpets with a pedigree which is unequalled.
“We’re proud and delighted to welcome the business to the Brockway Group.
“Grosvenor Wilton’s unique heritage and tradition of innovation will further strengthen the group’s position as the UK’s leading manufacturer of beautiful, wool-rich carpets.”
Paul Foley, who continues as commercial director at Grosvenor Wilton, added: “This is an exciting event in our long history, ensuring that the principals of authenticity, classical English design and craftsmanship, that Grosvenor Wilton so famously stands for, are maintained.
“We will continue to supply the finest bespoke Wilton carpets, and we are looking forward to exploring new markets in the future.”