Wrightbus agrees deal in principle with buyer

Ballymena based bus maker Wrightbus has agreed a deal “in principle” with hydrogen entrepreneur Jo Bamford to rescue the manufacturer from liquidation.

Jo Bamford, the son of the JCB chairman Joseph, has also potentially saved the 1,200 jobs thought to be lost. Wrightbus went into administration last month.

The trade union Unite’s regional officer for Wrightbus George Brash welcomed the news: “This is a tremendous outcome for Ballymena – saving Wrightbus means saving the remaining manufacturing base of the local economy – but this result would never have been achieved without the mobilisation of this workforce.”

Should the deal go through, Mr Bamford’s company, Ryse Hydrogen, will acquire the entire premises at Galgorm including the factory, fixtures and fittings as well as the associated land.