Nobia sells Keighley plant
Nobia has reached an agreement to sell its manufacturing facility in Keighley, West Yorkshire in the UK to Oakworth Joinery.
The factory will continue to manufacture timber windows and other joinery products, which will be sold through Magnet Trade outlets with both companies agreeing to a long-term supply contract.
Magnet Trade continues to be focused on the supply of kitchens and joinery products to the building trade through its network of 186 Trade counters across the UK, however the move is in line with Nobia's strategy of concentrating its production assets on the manufacture of kitchen products.
The transaction is expected to be completed by the end of February.