Soft furnishings manufacturer Montgomery Tomlinson has been pulled into solvency following its acquisition by a2e Venture Catalysts that secured 200 jobs at its Chester site.
The manufacturer will come out of administration with immediate effect, confirmed Amin Amiri, the founder and funder of a2e.
It was also confirmed that the new ownership intends to keep production at its Chester facility, securing jobs after employees had been made redundant following administration.
Mr. Amiri said: “Montgomery Furnishings has a great position within this niche sector, and is renowned for its unique customer service model and its traditionally biased British designs.
“The core of the existing management have been retained and offered equity as a measure to energise and empower them to embark on an expansion of the business with greater focus on high quality services to an enhanced customer base and to uniquely, provide a sought after and convenient service to our customer’s customers.”
Graham Montgomery Tomlinson, who founded the business fifty years ago, added: “We were impressed by Mr Amiri’s vision and integrity and a2e’s ethos. We are pleased to say that we believe MT will benefit greatly from a2e’s involvement.”
It supplies curtains and soft furnishings to prestigious retail multiples such as Debenhams, and House of Fraser.