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.”
For press enquiries please contact:
Alison Anderson, KPMG Corporate Communications
T: 0113 254 2980
KPMG Press office: +44 (0) 207 694 8773
KPMG LLP, a UK limited liability partnership, is a subsidiary of KPMG Europe LLP and operates from 22 offices across the UK with over 12,000 partners and staff. The UK firm recorded a turnover of £1.8 billion in the year ended September 2012. KPMG is a global network of professional firms providing Audit, Tax, and Advisory services. We operate in 156 countries and have 152,000 professionals working in member firms around the world. The independent member firms of the KPMG network are affiliated with KPMG International Cooperative ("KPMG International"), a Swiss entity. KPMG International provides no client services.
This article represents the views of the author only, and does not necessarily represent the views or professional advice of KPMG in the UK.