Lister Trade Frames, a 40-year-old family business in Stoke, has been saved after the firm went into administration on 29th August, putting 120 jobs at risk.
The £12m turnover company, which manufactures windows and doors for the building industry, is ‘back in business’ after new financial backers were found. Two of Lister’s directors, Phil Warren and Darren Pusey, will join the new board bringing over 50 years’ collective experience at Listers between them.
The assets of Lister Trade Frames have been acquired by GJB Holdings Limited, and the new owners expect to save around 70 jobs. GJB Holdings Ltd is led by CEO Roy Frost and backed by North West based entrepreneur Alan Rothwell.
Roy had this to say about the acquisition: “Listers is one of the region’s best-known businesses and we aim to restructure the company to give it a very secure future for employees and customers alike. The ‘Big Trade Counter’ is a one stop shop. It’s the biggest and the best in Stoke-on-Trent, and will be well stocked again, with expert advice and friendly service. We will always develop and supply the very best innovative products that give our customers the edge in a competitive market.”
Listers reportedly ran into trouble after significant investment failed to deliver expected business improvements.
Roy and GJB Holdings have extensive experience in the building products and the window industry, and the move will strengthen the group’s operations throughout the UK.
For more information call Listers Central on 01782 391900 of visit: www.listertf.co.uk