UK event supplier Thorns Group has bought the complete stock of failed competitor CHS, following news that the Manchester-based company has entered administration.
The buy-out not only strengthens Thorns’ position in the Midlands, but provides an opportunity for the supplier to diversify its business by expanding its portfolio.
Thorns, which operates out of London, Manchester and Birmingham, says the acquisition of CHS’s stock will complement its furniture and catering equipment supplies, while diversifying its portfolio with new heavy kitchen equipment.
Sales director Clair Whitecross told Conference News the acquisition will “significantly” increase the company’s stock levels, boosting the Birmingham and London depots. “Up until now we were able to cover certain quantities, but we were having to rely on London stock to support larger events.”
Whitecross added that the acquisition will save at least 25,000 miles logistically by removing the need for motorway haulage. “Thorns has operated nationally for a number of years but by supplementing the quantities of stock held in our regional warehouses there will be much less need to transport furniture across the country,” she says.
The company hasn’t taken on any additional space to re-house the new stock, instead updating the existing space with new racking systems to accommodate the larger itinerary.