200 jobs saved as JRL buys Caledonian Modular

The sale secures the future of Caledonian Modular, which is the UK’s largest modular construction company, and saves over 200 jobs at its Newark site.

Mike Denny, managing director, Alvarez & Marsal, said The twin challenges of the pandemic and rising inflation have placed strain on balance sheets for businesses across the UK, including those in the construction sector.

“We are delighted to have secured a sale of the business to JRL Group, rescuing the UK’s largest modular construction specialist.

“We wish the business and its new owners every success for the future.”

002 Constructionline GIF V2


Aaron Morby

Source link

Related Articles

Leave a Reply

Your email address will not be published.

Back to top button