A Scottish firm building luxury modular huts has been bought two months after entering administration.
Armadilla Limited, based in Bonnyrigg near Edinburgh, was sold to Hoffbauer Holding Limited on 23 February.
The administrators have not stated an amount for the deal, which includes all of the business’s assets, including the Armadilla name, design rights and trademark.
The sale was carried out by Blair Nimmo and Alistair McAlinden from Interpath Advisory, who were appointed joint administrators on 20 December 2022. The firm had received a demand for payment from a supplier that it had no means to pay.
Armadilla designs, manufactures and delivers accommodation ‘pods’ used in tourism, hospitality and educational settings. In 2020 it received a Queen’s Award for Enterprise in the innovation category.
McAlinden said: “We’re delighted to have concluded this transaction which will see the business continue to trade. We understand that Hoffbauer is in the process of securing larger premises in the Midlothian area, and in time, intends to scale up production. This inward investment is great news for the Scottish economy and we look forward to seeing the business grow in the future.”
Jens Hoffbauer, founder of Hoffbauer Holding Limited, said: “This is a really exciting acquisition for us. The strength of the Armadilla brand, coupled with its innovative product design, makes me confident that we can work with our customers to help deliver future success for the business. We’ve already begun taking orders, and we look forward to supporting the local economy as we scale up production in the months ahead.”