Birmingham-based manufacturer and supplier WB The Creative Jewellery Group, the parent company of Domino, Gecko and Weston Beamor, has been sold to the German-based Heimerle + Meule Group, owner of Cookson Precious Metals, for an undisclosed sum.
Like Cookson Precious Metals, WB The Creative Jewellery Group will join Heimerle + Meule’s Possehl Group, which is its precious metals division and comprises more than 160 companies operating in 30 different countries.
The sale includes all three businesses in WB’s stable – fine Jewellery manufacturer Domino, fashion jewellery supplier Gecko and casting house Weston Beamor.
All 180 staff located in Birmingham and Essex will retain their jobs, with the business continuing to be run by current managing director Andrew Morton.
Patrick and Vivian Fuller, owners of WB The Creative Jewellery Group
Patrick Fuller, who owns the group with his wife Vivian, said of the sale: “My wife, Vivian, whose father founded the group, and I have enjoyed building the group over the last 40 years to become a major player in the UK jewellery industry, but it is now time for us to retire and hand over its further development to the very capable team who are already in place.
“We believe that, while the business will be entirely independent, operating within the same Group as Cookson Precious Metals and Possehl’s other precious metal companies will bring real advantages in the future.”
Speaking for Heimerle + Meule, group chief executive Thomas Frey commented: “We are delighted to have acquired such a successful UK-based jewellery company, and believe that, together, we can help build a stronger UK jewellery industry.”