Pottery firm Hudson & Middleton has been rescued from receivership by global investor BID (Business International Development) Group.
The fine bone china manufacturer based in Stoke-on-Trent fell into administration last month, resulting in 45 members of staff being made redundant.
But Surrey-based BID Group has taken over the 141-year-old company and has pledged to re-employ the staff who previously lost their jobs.
Lee Smith, managing director of BID Group, said: “The acquisition of Hudsons fits perfectly into our portfolio and with our successful track record, Hudsons will be a benefit for the UK economy.” BID Group is a team of investors that provide turnaround and investment solutions for small and medium-sized businesses.
Founded in 1875, Hudson & Middleton is one of the oldest potteries in England. The operation still runs from the original premises in the heart of Staffordshire. More than 20% of products are sold internationally and the Hudson & Middleton brand and trading name falls under the company Hudsons of England. Customers include Harrods, The National Trust, English Heritage and the John Lewis Partnership alongside bespoke independent fine china and glass shop retailers.