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H. Dawson Wool, the international wool merchant with its head office in Bradford, West Yorkshire, has acquired a controlling equity stake in Axminster Carpets based in Axminster, South Devon.
H. Dawson Wool, established in 1888, has for many years been a leading supplier to the wool carpet manufacturing sector in the UK and throughout the world. This investment in Axminster Carpets demonstrates the ongoing commitment of H. Dawson Wool to the wool carpet manufacturing sector and forms an essential element of its strategy to develop alliances throughout the supply chains within which it operates, for the benefit of all chain participants.
Royal Warrant holder Axminster Carpets, founded originally by Thomas Whitty in 1755, has operated from its current extensive manufacturing and commercial site in Axminster, Devon since 1937. The original high-quality Axminster from Axminster Carpets can be found in royal residences, some of the finest hotels in the world, in train carriages and the planes of global airlines and in thousands of discerning homes throughout the United Kingdom and worldwide. The business has undergone a period of significant change during the last three years and now provides its customers with an enhanced level of service and ongoing new product development. The provision of additional support from H. Dawson Wool, increased financial resource and further strengthening of the Axminster Carpets senior management team will take the company on the next phase of its journey.
The corporate team at Schofield Sweeney advised H. Dawson Wool.