Moores Furniture Group Ltd have announced that Hilco Capital have backed the existing management team, led by CEO Steve Parkin, to acquire the business from MASCO Corporation.
The kitchen, bedroom and bathroom business has announced that it will be ‘business as usual’ at the Wetherby manufacturing facility. Hilco Capital will support Moores’ management by bringing further expertise to their client-focussed growth strategy.
CEO Steve Parkin, pictured above, said: “It is our objective to continue to develop enduring partnerships with our suppliers and customers and further enhance our client service proposition.
“We have a strong management team, a clear focus, robust processes, new products and a great customer service. We have already seen our order book growing with our key customers because of this investment, and we expect this to continue as we go forward. We would like to thank MASCO Corporation for its support since 1996 and in helping us identify the right investment partner as we look toward the future.”