Sale of fuel maker secures brighter future
Tuesday, May 6th, 2008The UK’s leading independent solid fuel manufacturer, Maxibrite, has been sold in a multi-million pound deal that will safeguard 40 jobs.
The Llantrisant company has been acquired by Coal 4 Energy.
The new majority owner is a joint venture company formed by UK Coal and Hargreaves Services – two leading UK groups with interests in and around the coal industry. The new owners will be looking to develop the business and add capacity to the site on the Mwyndy Industrial Estate in Llantrisant.
The deal, believed to be in the region of nearly ?5m, was brokered by Cardiff-based chartered accountants Hodge Bakshi, who were called in last summer to safeguard the jobs and find a new owner for Maxibrite, which serves the domestic fuel market in the UK as well as exporting to the Irish Republic, France, Belgium and Norway.
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