TWENTY-one jobs have been preserved at a vaping supplier after its assets were sold to a Bolton firm.
Administrators FRP Advisory successfully saved the jobs as part of the pre-packaged sale of EOS Group, a manufacturer and online retailer of vaping e-liquids and distributor of branded CBD-infused cosmetics.
On appointment, the business and its assets were sold to Bolton firm AQL International Ltd, which owns vaping brand AquaVape.
All 21 jobs have been safeguarded and transferred to the acquirer.
EOS Group manufactured and marketed its e-liquid products on both a wholesale and direct-to-consumer basis. As well as owning e-liquid brand Vapemate, it had diversified into selling CBD-infused cosmetic products and hemp-based teas.
The business had experienced a significant decline in its order book over the course of 2020.
Mubaraq Patel, managing director of AquaVape, said: “Vapemate has long been recognised as one of the market leaders in British-made e-liquid and vaping products, which will enable us to broaden our product range significantly. Moreover, the group behind it has a strong e-commerce platform that will complement our existing sales platforms as we look to build out our presence in the UK market.”