KPMG joint administrators of Sunderland based A Thompson & Sons builders merchants and sister company TAPS plumbers merchants have announced the sale of the businesses and certain assets to Grafton Merchanting GB Ltd.
The deal means that the 20 Thompson staff retained to assist the administrators with the sale of the business will transfer to Grafton Merchanting. It also holds out the prospect of re-employment for some of the former Thompson and TAPS workforce.
Mark Firmin, joint administrator and regional head of restructuring at KPMG said:
“We are pleased to have secured a sale that preserves this well known business and offers employment opportunities for local people. We wish Grafton Merchanting well for the future.”
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