One of the UK's leading shopping trolley manufacturers has been saved from receivership by a new Bank of Scotland funded management team. Buko, which claims to have a 40% share of the UK's shopping trolley market and supplies Sainsbury, Safeway and Tesco, has a turnover of £20m a year. It was sold as a going concern to a management team chaired by Duncan Wordsworth with John Sharpley as chief executive. Receivers Grant Thornton had been weighing up six notes of interest in the company since it went into receivership in December last year. Sharpley said: "In Buko, we see a great opportunity to improve efficiency and develop the business further from the Glenrothes location." {{NEWS }}

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