British Wool (formerly the British Wool Marketing Board) has bought Kent Wool Growers (KWG)’s wool handing operations from receiver KPMG. Financial details are not available.
Ashford-based KWG called in administrators in mid-August after a downturn in its retail and account sales led to insolvency. The business continues to trade while KPMG seeks buyers for its remaining activities – three rural store branches in Kent and East Sussex, feed distribution and a fuel brokerage.
KWG had provided a subcontract wool handling service to British Wool for many years. Acquiring the Ashford operation and bringing it under full in-house ownership and control, in addition to the recent opening of a new British Wool collection centre in Ropley, Hampshire, “further emphasizes British Wool’s ongoing commitment to providing a quality, reliable and effective service to all producers in South East England”, says a spokesman.
British Wool says it will continue to operate from the existing depot in Ashford, marketing wool on behalf of producer to return its true market value.