Wrightbus sale deal reached ‘in principle’

A deal has been reached in principle for the sale of Wrightbus.

Bidder Jo Bamford said agreement had been reached with “the Wright family for the Wrightbus factory and land”.

“We are still to conclude a deal with the administrators but are pleased to report this important step in the right direction.

“I would like to thank Ian Paisley for his hard work and diligence in helping to mediate what has at times been a tricky negotiation.”

• Wrightbus: From driving seat to financial failure
• Wrightbus future ‘in the balance’ says DUP MP

George Brash from the Unite union described it as a “momentous day”.

He said it was a tribute to the workforce and the solidarity they have shown.

“There are a lot of smiling faces at the moment,” he added.

“We just need everything confirmed.”

Mr Bamford, an English industrialist, who is the son of JCB chairman Lord Bamford, wants to buy the Wrightbus business and the factory through his Ryse Hydrogen company.

Mr Paisley said he welcomed the announcement by Mr Bamford.

He said Mr Bamford is “concluding the final arrangements with the administrator to take over Wrightbus…