Wholesale group J&J Haslett and BWG Holdings have completed a management buyout of the company.

Peter Kealy, outgoing managing director of the group said: “Successful completion of this management buyout delivers ownership of J&J Haslett into a ‘safe pair of hands’.”

Michael Hamilton, newly appointed MD said: “We are delighted that our offer has been formally accepted by BWG and we are extremely optimistic about the future of the company.

“Not only do we have the support of unions and trade bodies but we have also enjoyed very visible support from retailers and suppliers in recent months. “

The management team will comprise of Michael Hamilton as MD, Tom Uprichard as delivered business director, Ronnie Lewis as financial director and Michael Patterson as trading director.