Arada bails out failing Villager
PUBLISHED: 14:03 01 July 2008 | UPDATED: 21:59 15 June 2010
WORKERS laid off by an Axminster firm only weeks ago could be re-employed following a takeover by a new company.
WORKERS laid off by an Axminster firm only weeks ago could be re-employed following a takeover by a new company.Extrafine Ltd, the manufacturers of Villager Stoves, has sold its assets to a rival firm, based in West Dorset.Arada Ltd, a Bridport stove manufacturer, has announced it has bought the company's assets and hopes to retain the workforce.An Arada spokesman said: "We are trying to retain the present workforce though, of course, we can't make any promises."Arada owner John Burgis said: "Stove sales at Arada have grown significantly in recent years, fuelled by rising oil and gas prices and the consumer's growing concern about environmental issues."Arada has been able to capitalise on these issues due to its superior clean-burn technology and superbly engineered products for today's discerning customers."The Aarrow and Villager brands are market leaders and I see a great future for the new business and its employees.