Kroll completes sale of Kesslers International
Kroll has completed the sale of UK-based point-of-purchase designer and manufacturer Kesslers International and its assets to GB Signs Solutions Limited.
Tuesday, 18 Jan 2022 08:21 GMT
Kesslers’ customers include a number of UK and international retailers
Kesslers, which commenced trading in 1888 and is the oldest business of its kind in the UK, went into administration in December.
GB Sign Solutions, part of the PFI Group, is a high-specification manufacturer for the signage industry, providing sign and advertising solutions to multi-nationals, small- to medium-sized businesses, government authorities and self-employed enterprises.
Michael Lennon and Philip Dakin, both of Kroll, oversaw the sale as joint administrators.
Lennon says: “We are absolutely delighted that we have been able to secure the future of the UK’s oldest supplier to the point-of-purchase sector. As a result of the sale, the business and assets of the Company will transfer to the new owners. Employees will also be transferred under TUPE regulations.
“This is a superb outcome as it preserves a longstanding business, provides continuity of employment for a number of employees and provides an opportunity of employment for others in the area.”
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