Yorkshire company takes controlling stake in Axminster Carpets
PUBLISHED: 15:02 22 February 2016 | UPDATED: 16:47 22 February 2016
An international firm has taken a controlling stake in Axminster Carpets.
Bradford-based wool merchants H Dawson Wool has acquired a controlling equity stake in the Axminster company, which has operated from the town since 1937.
Axminster Carpets, which was rescued from administration three years ago, has since undergone a period of significant change, and now aims to provide its customers with an enhanced level of service and on-going new product development.
The investment will provide the company with increased financial resource and further strengthening of the company’s senior management team.
Steve Winslet, chief executive of Axminster Carpets, said: “Our business sells wonderful high-quality carpets that are predominantly made from wool. It makes real sense that our new owners are experts in the sourcing of our primary raw material.
“Their wool expertise, global reach and long-term commitment to the industry will add real value to our company.
“We are excited about the future growth aspirations for the business.”
H Dawson Wool was established in 1888 and has been an important supplier to the wool carpet manufacturing sector in the UK and throughout the world.
The company’s chairman, Jo Dawson, said: “The passion and expertise within H Dawson complements the strengths of Axminster Carpets.
“We will encourage increased market and consumer awareness about the many benefits arising from the use of wool-rich carpets in a wide variety of environments and applications.
“The benefits of owning an Axminster carpet go way beyond revelling in the stunning design and beautiful craftsmanship that lives within each product.
“Amongst their many inherent benefits, these incredible carpets are designed to have a natural ability to absorb dangerous VOC gases, to actively manage a healthier climate in your room whilst acting as a flame retardant barrier to your floor!”