Jobs have been saved after a manufacturer which dates back to 1888 was sold out of administration.
The business and assets of Kesslers International have been sold as a going concern by joint administrators Michael Lennon and Philip Dakin, both of Kroll, to Manchester-based GB Signs Solutions.
The business is the UK’s oldest point-of-purchase designer and manufacturer and went into administration on December 17, 2021.
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Its customers included a number of UK and international retailers such as Primark, Adidas, Dior, Poundland and Sainsbury's.
GB Sign Solutions, which is part of the PFI Group, is a high-specification manufacturer for the signage industry.
It provides sign and advertising services to multi-nationals, small to medium sized businesses, government authorities and self-employed enterprises.
Mr Lennon said: "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."
Legal advice supporting the joint administrators was provided by Addleshaw Goddard LLP Manchester.
