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Linden Group, in Newton Aycliffe, taken over by Hydraquip
6:00am Wednesday 4th September 2013 in Business
A HYDRAULIC hose company has been rescued from closure, saving 26 North-East jobs.
Linden Group, based in Newton Aycliffe, County Durham, was set to be wound up after suffering serious financial difficulties, which had forced it to make about 14 redundancies.
However, the company, which began trading in 1981 as a family-run firm, has been saved by national hose supplier Hydraquip, who says it wants re-employ workers.
The deal also means Linden's Hartlepool trade base, which employs three workers, has been retained.
The new company will be known as Linden Hose and Adaptors, and bosses immediately revealed plans to take on up to five mobile hose engineers to add to its team.
Linden, which is understood to have been just hours from closure, specialises in hydraulic components, supplying adaptors, pumps and motors for hoses for Sunderland-based Japanese carmaker Nissan, digger and dumper truck maker Terex, and a number of local farmers.
Director Fintan Ennis said he understood the upset caused by the redundancies, but said the firm was now in a better position and could strengthen again.
He said: “It is positive news that we’re able to safeguard people’s jobs and we’re pleased about that, but we’re very well aware that the previous company has worked with local businesses for a lot of years.
“There is a lot of work that needs to be done to repair some of the damage.
“But it is quite literally business as usual, it is the same building, the same faces are running the company, and the same contact numbers.
“We are back up to full speed and it’s all systems go.”
Duncan MacBain, Hydraquip managing director, said the move will add to its stature as a market leader in the hose industry.
He said: “Linden is an established name in this area and, in fact, was one of our major competitors.
“That is why it was such a surprise to hear about its financial problems, though perhaps that's a grim reality of the current climate.
“However, from our point of view, this addition will provide additional strength to our position as a market leader in the hose industry, bringing the additional benefits of Hydraquip to Linden’s customer base.”
Mr MacBain said the company was impressed by Linden's workforce, which played a key role in the deal, and said it was committed to strengthening the business.
He said: “One of the main factors was the skill and in depth knowledge of the workforce, emphasised by the attitude they displayed in the face of adversity.
“We’ve worked hard to retain members of staff allowing the new company to continue to provide an excellent service to customers.”
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