Latest Press release from Lunar
PRESS RELEASE 28 November 2007
For Immediate Distribution
LUNAR RETURNS TO BRITISH OWNERSHIP
Lunar Caravans Limited the Preston based manufacturer of touring caravans and
motor homes have today announced the conclusion of negotiations and the
completion of a management buy out bringing the company back into UK
ownership.
Lunar's Dutch based owners, Tirus, filed for bankruptcy for six of its companies in
early November but impressively it's successful British subsidiary has continued to
trade as normal.
Lunar's Managing Director, Brian Mellor, has been working on the management
buy out for several month's and was always confident of it's success, although the
collapse of Tirus has made final negotiations to buy the company more
complicated.
Mr Mellor said "We would like to reassure all of our Employees, Customers,
Retailers, and Suppliers that it is 'business as usual'. Lunar Caravans Limited is a
profitable business, we have a full order book and we have no debts. We have an
exceptional team, excellent workforce, strong distribution network with loyal
customers and a superb product in both the caravan and motorhome markets. It
gives us enormous satisfaction to conclude these negotiations. We now look
forward to the fantastic challenge and opportunity ahead of us. We also feel
immensely proud to again be part of the truly British caravan industry"
The other director's within the buy out team include Andrew Mead (Finance
Director), Martin Henderson (Sales and Marketing Director) and Ken Lawrence
(Purchasing Director).
Caravans within the Lunar stable include Zenith, Ariva, Stellar, Quasar, Lexon and
the luxury Clubman and Delta ranges.
Motorhomes include the Xstar, Telstar Fivestar, Moonstar, Goldstar and the luxury
Roadstar range.
The company also imports touring caravans and motor homes from its sister
companies and will shortly be making announcements with respects to its plans for
these brands for the future.
PRESS RELEASE 28 November 2007
For Immediate Distribution
LUNAR RETURNS TO BRITISH OWNERSHIP
Lunar Caravans Limited the Preston based manufacturer of touring caravans and
motor homes have today announced the conclusion of negotiations and the
completion of a management buy out bringing the company back into UK
ownership.
Lunar's Dutch based owners, Tirus, filed for bankruptcy for six of its companies in
early November but impressively it's successful British subsidiary has continued to
trade as normal.
Lunar's Managing Director, Brian Mellor, has been working on the management
buy out for several month's and was always confident of it's success, although the
collapse of Tirus has made final negotiations to buy the company more
complicated.
Mr Mellor said "We would like to reassure all of our Employees, Customers,
Retailers, and Suppliers that it is 'business as usual'. Lunar Caravans Limited is a
profitable business, we have a full order book and we have no debts. We have an
exceptional team, excellent workforce, strong distribution network with loyal
customers and a superb product in both the caravan and motorhome markets. It
gives us enormous satisfaction to conclude these negotiations. We now look
forward to the fantastic challenge and opportunity ahead of us. We also feel
immensely proud to again be part of the truly British caravan industry"
The other director's within the buy out team include Andrew Mead (Finance
Director), Martin Henderson (Sales and Marketing Director) and Ken Lawrence
(Purchasing Director).
Caravans within the Lunar stable include Zenith, Ariva, Stellar, Quasar, Lexon and
the luxury Clubman and Delta ranges.
Motorhomes include the Xstar, Telstar Fivestar, Moonstar, Goldstar and the luxury
Roadstar range.
The company also imports touring caravans and motor homes from its sister
companies and will shortly be making announcements with respects to its plans for
these brands for the future.
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