Buyer found for 25-year-old chemicals manufacturing firm

A deal has saved 17 jobs at Huddersfield-based chemicals manufacturer, Grosvenor Chemicals.

The business has been sold to London-based JT Agro and Widecover, with all operations and assets transferring to the new owner who will trade as JT Grosvenor Limited.

Grosvenor Chemicals was part of the Whyte Group of companies which fell into administration last year, prior to which it made chemical products for a variety of sectors across the UK, including the agrochemical, pharmaceutical, household and industrial markets.

Business advisory firm Quantuma completed the sale of  Grosvenor Chemicals. Paul Zalkin and Andrew Andronikou of Quantuma were appointed in August 2018 and secured additional funding to enable the business to continue trading.

Working closely with the company’s operations director and staff members, the administrators stabilised the business and restructured operations, shutting loss-making divisions to focus instead on profitable agro-chemical formulation.

Zalkin, partner at Quantuma, said: “After being appointed as administrators the easy decision would have been to close the gates.

“Instead we worked hard to stabilise operations and, with the support of the company’s employees, customers, suppliers and its lender, have rescued the business. JT Grosvenor has ambitious plans to invest and expand the business – we wish them every success.”