British kitchen manufacturer Sigma 3 Group, which is the parent company of Masterclass Kitchens, has confirmed that it has successfully bought the business and assets of Mereway Kitchens out of administration.
In a statement, Sigma 3 Group called the acquisition a ‘significant milestone’ in its growth plans and said it was ‘looking forward to working with the Mereway staff, loyal customers and trusted suppliers in the coming months and years’.
Brian Lakin, chairman of Sigma 3 Group, said: “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 committed to the business’ long-term strategic success and prosperity.”
Richard and Bob Norris, co-founders of Mereway Kitchens, 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.”