Jobs saved as Rotherham firm Ron Hull Group buys CF Booth out of administration
A major metal recycling company and its subsidiaries has been bought out of administration saving 29 jobs.
CF Booth, which had been based in Rotherham for more than 100 years, was bought by Ron Hull Jnr, a division of Ron Hull Group, administrators at Interpath said.
More than 100 jobs were lost when CF Booth, and five subsidiaries, entered administration in January.
Earlier this week another two subsidiaries - Demex and Albion Jones - went into administration.
Now Ron Hull Jnr has bought almost all the assets of all eight companies. Demex and Albion Jones will continue to operate, saving 29 jobs, Interpath said.
Founded in Rotherham in 1976, Ron Hull Group is one of Yorkshire’s most recognisable names in metal recovery and demolition.
Nigel and Mark Hull, directors of Ron Hull Jr, said: “As a business which has operated in Rotherham for 50 years, we’re pleased to have been able to secure this transaction which reaffirms our commitment and support to the local area.
“We are incredibly proud of what our father Ron Hull has achieved, and look forward to building upon this success as we welcome the Demex and Albion Jones team to the Ron Hull family.”
James Lumb, managing director at Interpath and joint administrator, said he hoped operations would restart at CF Booth.
“We are pleased to have concluded these transactions which not only preserve jobs for employees of Demex and Albion Jones but which we hope, in due course, will also see operations recommence at CF Booth’s sites in Rotherham.”
Family-owned CF Booth, founded in the 1920s, grew into one of the UK’s largest independently-run metal recycling firms.
It employed 168 people. It was pushed into administration by rising energy costs, higher copper prices, increases to the National Living Wage, and the cost of meeting environmental and health and safety regulations, Interpath said.