Ladder firm saved from closure
- Credit: Archant
A Yatton ladder manufacturing firm which went into administration earlier this year has been saved.
Titan Ladders Limited, in Mendip Road, was facing closure and the loss of dozens of jobs unless a buyer could be found – but the firm has now been bought.
Tim Bell is a partner of administrator Mazars LLP. He said: “After an extensive period of marketing and interest in the business from more than 40 parties, I am very pleased to report a sale of the company’s assets has been concluded.
“The sale has enabled the business to commence trading once more and a number of the company’s former employees have been engaged by the new owners.”
Titan Ladders has been trading for more than 80 years.