A historic hall hotel has been sold to Chilton-based Derek Parnaby Cyclones International helping save the 40 jobs from being axed.
Whitworth Hall Hotel near Spennymoor in County Durham has been bought by the family firm for an undisclosed sum.
The hotel fell into administration after the death of managing director Alan Lax. A buyer was sought for the hotel after administrators Andrew Haslam and Gary Lee from Begbies Traynor were appointed on October 18, 2013.
In October, The Journal reported that 30 investors had expressed interest in the 29-bedroom hotel. The hotel agency team at Colliers International handled the sale on behalf of the joint administrators.
Parnaby Cyclones is a family firm which was established in the sixties by Derek Parnaby who developed the world-famous Parnaby Process’ of mineral separation using barrels and cyclones.
Over the years the firm has developed a range of minerals processing and treatment plant. It now designs and installs systems and equipment for washing, separating and recycling materials for the coal, aggregates, recycling and water industries.