Hansens Kitchen Equipment, which went into administration last month, is set to remain in family hands after a deal was struck this week to save the business.
A number of distributors are understood to have expressed an interest in aspects of the business since administrators KPMG took over the company’s affairs in mid-October.
But rumours circulated earlier this week that a member of the Hansen family was preparing a takeover deal.
And that news was confirmed today when it was announced that the London firm is being bought out of administration by a group led by Scott Hansen.
Scott Hansen is the son of Peter Hansen and grandfather of Tom Hansen, who set the business up after the Second World War.
He has been able to take over the firm as managing director with support from business associates. The value of the deal has not been disclosed.
Hansens will re-open for business on Monday November 12th.
Scott said: “It has been an incredibly difficult time but I was not prepared to let the Hansens name die. It has been in my family since 1946 when my grandfather Tom started the business and has always been part of my life.”
As well as maintaining a focus on the commercial sector, Hansen said the new business would attempt to explore new routes to market, including targeting the consumer sector.
“I want to restore the business to what it was and what it can be in the future and will be looking to expand the retail operations in terms of supplying professional catering equipment for domestic requirements as well as for our core customers of chefs and restaurateurs,” he said.
Hansen and his associates were advised by national accountancy firm Chantrey Vellacott DFK.
Mark Lamb, partner at Chantrey Vellacott DFK, said: “We are pleased to have been able to help secure the future of Hansens by assisting with a deal on behalf of a group of businessmen, including Scott Hansen."
He added: "The company had gone through a difficult period which led to it going into administration. Hansens is a leading name in the catering industry and we are confident that with the development plans the business will be able to enjoy a new lease of life under its new ownership.”