Wrightbus sale confirmed

News stories are free to read. Click here for full access to all the features, articles and archive from only £2.99.

Deloitte confirms sale of business to Bamford Bus Company Limited

The Bamford Bus Company Limited has agreed to buy the Wrightbus business and assets, administrator Deloitte confirmed today.

Bamford Bus Company has agreed to purchase the business and assets of Wrights Group Limited, Wrightbus Limited, Wright En-Drive Limited and Metallix Limited.

The deal also includes an option to acquire the international division of Wright Group Limited, although the full terms of the deal have not been disclosed.

According to Deloitte, Bamford Bus Company is currently “determining the size and composition of the workforce required for its future plans,” but all 60 staff retained by the joint administrators have transferred to Bamford Bus Company.

In a separate deal, Jans Composites Limited has also agreed to buy Wright Composites Limited for an undisclosed sum.

Three staff members who were retained by the joint administrators have transferred with the business. As with Bamford, Jans Composites is currently determining the size and the composition of the workforce it requires.

Michael Magnay and Peter Allen of Deloitte were last month appointed as joint administrators to Wrights Group Limited, Wrightbus Limited, Wright En-Drive Limited, Wright Composites Limited and Metallix Limited.

Michael commented: “We are delighted to have reached a deal with Bamford Bus Company to secure the future of the business in Ballymena. After making extensive efforts to find a buyer, we are confident the new owner represents a bright future for a key employer in Northern Ireland.”