Employees take ownership of long-established yarn manufacturer
A West Yorkshire-based yarn manufacturer has become an employee-owned business.
Laxtons Specialist Yarns was founded in 1907 by George Laxton and Gordon Holmes.
Headquartered in Baildon, the company has expanded to supply yarns to clients across the UK and in over 20 overseas markets.
James Laxton and his family, the fourth generation owner and managing director, have passed on full control of the business to its workforce thanks to the creation of an Employee Ownership Trust (EOT).
Management says they hope the transition... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...
