£30m Denby Buyout Marks New Era for Derbyshire Firm
Denby Pottery has been sold for £30m in a management buyout, it was announced yesterday.
When I reported on January 20th that Denby Pottery was planning to make some of its employees redundant, I didn’t realise how bad things were.
According to a further article today on thisisderbyshire.co.uk, the company had £72m of debt, more than half of which has been written off as part of the buyout deal, led by current Denby Managing Director Garry Biggs and backed by private equity firm Valco Capital.
According to the report, Denby claims to have been operating successfully in recent years but struggling to “service its debt burden”.
[...] amongst all the doom and gloom of the British pottery industry recently, it’s heartening to know that there is at [...]
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