Devon Cider Company Limited, the Tiverton based drinks manufacturer of own label and branded label ciders, has successfully come out of administration, saving 50 jobs and the future of the business.
Geoff Rowley and Nick O’Reilly, Client Partners from Vantis Business Recovery Services, a division of Vantis, the UK accounting, tax and business advisory group, were appointed as Joint Administrators on the 30 September 2009.
An offer was accepted for the business, property and assets of the company from Aston Manor Brewery Company Limited of Birmingham, the UK’s largest independent cider company with 26 years experience in the industry.
Commenting on the case, Geoff Rowley said: “We were able to develop a strategy for sale to keep Devon Cider open for trading and without having to make any redundancies.”
Peter Ellis, Managing Director of Aston Manor also added: “We were delighted to acquire Devon Cider to continue the art of cider making in Tiverton, Devon.”