Stockley’s Sweets gobbled up
Stockley's Sweets, the Accrington-based confectionary company, has been bought by Morris and Son. The wholesaler, based in Leeds, bought the company out of administration for an undisclosed sum, saving 38 jobs. Stockley's has a turnover of £2m. The deal was funded internally with support from corporate finance adviser BTG McInnes Corporate Finance. Andy Needham, managing director of Morris and Son, said: "Stockley's has always been a very solid business that was unfortunately dragged into problems caused by the failure of its parent company."
BTG McInnes helped to put together this "whirlwind deal" in just three days, while Emma Garland at Schofield Sweeney provided legal advice to the buyers.