Kroll secures sale of Kesslers International
Michael Lennon and Philip Dakin, both of Kroll, joint administrators of Kesslers International Limited (“the Company”) have sold the business and assets as a going concern to GB Signs Solutions Limited.
The business, which commenced trading in 1888 and is the UK’s oldest point-of-purchase designer and manufacturer, went into Administration on 17 December 2022. Its customers included a number of UK and international retailers.
GB Sign Solutions Limited, which is part of the PFI Group, is a high-specification manufacturer for the signage industry, based in Manchester. It provides high-quality sign and advertising solutions to multi-nationals, small to medium sized businesses, government authorities and self-employed enterprises.
Michael Lennon, joint administrator, stated: “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.