Smart Garden Products has announced the purchase of Briers, the leading glove supplier, from administrators.
The business had been suffering cashflow problems and having failed to find a buyer appointed Duff & Phelps as administrators.
“We came in at the end of this process with an acceptable offer and managed to complete within days,” says Smart chairman, Paris Natar.
“The timing could have been better with the season upon us and the Chinese New Year Holiday closures,” said Smart MD, Jonathan Stobart.
Some stock has arrived in UK ports and more is in transit. Smart is organising early shipment of other goods on order. Jonathan Stobart said, “This is not where we would like to be with this, but also not irrecoverable by any means.”
Paris added: “We are determined to restore normal and full supply of this fantastic range and brand to our retail partners as soon as practically possible, doing whatever it takes. We will be supplying Smart Standards and Smart Service Levels. This is a brilliant opportunity for Smart Garden Products and we intend to make the most
of it.”
