British tool brands have found a new owner following the bankruptcy of their parent company.

Rescue of British Tool Brands

According to The Sun: Just a few days after the parent company entered administration, two British tool brands were saved. A long-established family company that supplies quality tools and equipment to various sectors has acquired the suppliers. Previously part of Toolstream Ltd, the companies Van Vault and Defender Lighting were left without support after the business went bankrupt.

“This acquisition will allow us to maintain the traditions and quality we owe to our customers,” representatives of the new company stated.

Thus, despite the difficulties, these brands have received new life and the opportunity to continue delighting their consumers with professional tools and equipment.