Following a short due diligence process, British kitchen manufacturer Sigma 3 Group has purchased the business and assets of Mereway Kitchens out of administration.
According to the kitchen maker, it is a “significant milestone” in the growth plans for Sigma 3 Group.
Established in 1975, the company is based in Llantrisant, South Wales, manufactures the Masterclass Kitchens and Sigma Kitchens brands, and also has six showrooms.
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A statement from the company read: “We look forward to working with the Mereway staff, loyal customers, and trusted suppliers in the coming months and years.”
Chairman of Sigma 3 Group, Brian Lakin explained: “Whilst we determine our investment plans for Mereway in the mid to long-term, it will be business as usual.
“We hope to restore stability with a sharp focus on improving service and completeness.
“Also, reinstating best practices to facilitate future expansion as we are commited to the business’s long-term strategic success and prosperity.”
On the sale of Mereway Kitchens, co-founders Richard and Bob Norris have said “Although we’ve faced challenges over the past few years and are disappointed to have not been able to trade through them, we’re pleased that Sigma 3 Group has taken over and ensured the continued success of the Mereway Kitchens business.
“This move provides much-needed security and stability for the staff, customers, and suppliers.
“We wish Sigma 3 Group every success and are confident that this is a fantastic move for the future of Mereway Kitchens.”
In 2021, Sigma 3 invested £20million into manufacturing, to increase its production capability over three years.