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Lunar NewsLUNAR RETURNS TO BRITISH OWNERSHIP28 11 2007 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. Click Here to return to News |
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