Fife based Havelock went under this summer with the loss of almost 250 jobs.

Deanestor has now acquired the former £50m turnover business for an undisclosed sum.

The deal also includes the leading education fit out brand, ESA McIntosh.

Richard Tonkinson, Executive Director of Deanestor, said, “Despite their long trading history and a well-established market position, Havelock and its subsidiaries experienced increasingly difficult trading conditions, largely due to their exposure to the weakening retail and high street banking sectors.

“This culminated in Havelock International falling into administration earlier this year.”

“As one of the UK’s leading fit out specialists in healthcare, education, student accommodation and build-to-rent, Deanestor is well placed to build on Havelock’s long history and market position, and continue to service its client base in these core sectors.

“Deanestor is financially strong, having recently announced a record order intake for the first half of 2019.

“Last year we completed a £1m investment programme at our factory in Mansfield which included installation of the latest computer-controlled cutting equipment and a second production line to double capacity of cabinetry.

“Our team is well resourced to provide the highest quality and service levels in our sector, reinforced by our high levels of repeat business.

“The acquisition of the Havelock brands further strengths our position as one of the largest interior fit-out businesses in the UK and the leading furniture, fittings and equipment supplier to the NHS.”