Airsprung takes over Collins and Hayes Furniture

Airsprung Group has taken over Collins and Hayes Furniture - and its trading brand Collins & Hayes - for £2.3m.

Collins and Hayes - a furniture manufacturer and distributor based in St Leonards-on-Sea, East Sussex - has annual sales approaching £10m.

Its main product ranges consist of high-quality made-to-order upholstered furniture, sold through premium retailers.

The products are offered to consumers under the Collins & Hayes and retailers' own brands, and customers include Harrods, Selfridges, House of Fraser and Furniture Village.

Airsprung regards Collins and Hayes as a successful and well-managed business, with a skilled and committed workforce.

Airsprung expects the acquisition to strengthen its position in the upholstered furniture market; to add significantly to group profits next year and beyond, and to be earnings enhancing.

Collins and Hayes MD Martin Huggins and FD David Backler have agreed terms to remain with the business.

Airsprung will also take on responsibility for an estimated 158 employees of Collins and Hayes in accordance with TUPE regulations.

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