Hard landscaping manufacturer Acheson & Glover (A&G) has announced its two trading companies have been acquired by a new company owned by their former chief executive, Raymond Acheson.
Acheson, who has headed up the Tyrone-headquartered business for more than 30 years, said the double acquisition would enable Acheson & Glover Limited and Acheson Glover Precast Limited to move into the future with confidence.
The acquisitions follow the placing into administration of a non-trading holding company, Acheson & Glover Group Limited, on May 2, 2014 and are supported through provision of Bank of Ireland facilities.
Acheson said: “This is great news for everyone concerned as it enables both Acheson & Glover Limited and Acheson & Glover Precast Limited to continue to trade as normal without any impact on staff, customers or suppliers.
“Put simply, for everyone connected with Acheson & Glover it is business as usual.”
Acheson said the development comes at an exciting time for the businesses as economic conditions across all their markets are now improving.
“Both trading companies have been making good progress for some time now and especially in recent months. Acheson & Glover Precast Limited has a full order book and Acheson & Glover Limited has seen its sales in GB double. That’s why I am confident in making this investment. We are very optimistic about the future and delighted for everyone associated with the businesses,” he concluded.