No buyers for Borders business
Moorbrook Textiles to close Peebles mill with 87 likely job losses
The company revealed in May that it was seeking a buyer for the mill and had begun a 30-day consultation period with its 87 employees.
Despite some initial interest from potential buyers, no credible offers for the mill have been received and the management team said closure was the only option.
Ian Laird, managing director of Moorbrook Textiles, said: “Over recent weeks we have had discussions with a number of groups interested in purchasing the business but regrettably these have not resulted in any credible offers.
“We are extremely disappointed that, despite significant investment in the mill over the last 10 years, we have been unable to secure a buyer.
“We fully appreciate the impact closure will have on our employees and the local community and our focus in the coming days will be on supporting them at this difficult time.
“In addition, we will continue to work closely with our customers, suppliers and government agencies to do all we can to minimise the impact of closure.
A date for final closure of the site is expected to be confirmed shortly.
Robert Noble dates back to 1666, established under the David Ballantyne name in Galashiels. Robert Noble supplies high quality apparel fabrics and design services to leading fashion and clothing brands.
Replin Fabrics (shown at Hamburg exhibition above), which produces high quality fabrics for the global transportation industry, was established in 1945.
Following a period of industry consolidation, both brands were acquired and brought under Moorbrook Textiles ownership in the 1990s.
Mr Laird (left) added: “Replin Fabrics and Robert Noble have strong global reputations and we are continuing to have discussions with a number of parties with a view to identifying suitable buyers for the brands and product portfolios but regrettably these will have no impact on the future of the mill itself.”
Manufacturing at Moorbrook’s mill in Ayrshire is unaffected by the decision. Some Peebles staff may be offered the opportunity to relocate to suitable positions in the Ayr business, but senior management recognise this will not be appropriate for all employees.