Airpsrung sells C&H to Wesley-Barrell owner
Airsprung Furniture Group has sold its upholstery subsidiary Collins & Hayes.
The group has sold the upholstery manufacturer to Wessex Bristol, the owner to upholstery chain Wesley-Barrell.
‘Collins & Hayes has been the subject of significant restructuring over the past two years and has benefited from considerable investment in the process. The Airsprung Group board believe however that the best long term interests of all of the stakeholders in the business are best served by becoming part of specialised, upholstery focussed organisation, able to provide greater opportunities. The acquisition by the owners of Wesley-Barrell is intended to provide such opportunities,’ says the group.
‘I am excited to work with Wessex Bristol to continue the work we have been doing for the past 20 months, investing in the infrastructure of Collins and Hayes and bringing to market fabulous new product whilst promoting and growing the brand,’ says Matt O’Flynn, Collins and Hayes md.