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Stead McAlpin

Stead McAlpin has been bought out of administration by Lancashire-based R Soper for undisclosed terms, securing more than 50 jobs at its Carlisle-based textiles business.

Stead McAlpin, the Carlisle-based textile printing firm, and JH Birtwistle, the Lancashire-based weaving firm, are to be sold by John Lewis to a new company called Apex Textiles.

Stead McAlpin is to invest £6.2m in new machinery at its textile printing mill in Cummersdale near Carlisle, while the warehouse will be moved from Cummersdale to Kingmoor Park.