No job cuts after Westex takeover

Cleckheaton-based Westex Carpets, along with parent company Globedesign, was bought out by Victoria plc last month for £16m.

But Westex managing director John Snee insisted there would be no change in the way the company is currently run.

He said: “It’s business as usual.

“We are a successful company and are doing a great job – as long as people are still buying carpets, we don’t see any reason to change.”

Geoff Wilding, executive chairman of Victoria plc, said: “Westex is one of the finest carpet manufacturers in the UK.

“I am very pleased Victoria plc has been able to reach an agreement with the directors, all of whom will be staying with the business for a minimum period of five years.

“As a result there will not be any changes to the existing sales, production and administrative operations at Westex following the acquisition. Westex will continue to operate its own brands within the Victoria plc group.

We want to maintain the same level of high quality service for its customers.”

Globedesign was an unlikely success story during the economic downturn of recent years.

Revenue before taxation of Globesign increased from £14.3m during the year ended February 27 2010 to a record £17.5m during the year ended March 2 2013.

Victoria plc is based in Kiddiminster, with offices in Canada and Australia, and specialises in floor coverings and carpets.