Joint managing directors of Hemel Hempstead-based firm Bob Usher and Bernard Parker confirmed they had sealed the deal this morning(Tuesday, 19 November).
The firm had been viewed as the front runner to take on the agency from Ry-Offset following the demise of its parent company Knight Machinery (Holdings).
Apex expects to conclude the details regarding stock and other assets with the administrator in the next few days.
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"Sorry to read this, a big name to go down, hopefully a lot of the £1.8M was insured. We are recruiting operational staff & currently in-talks to assist the clients with immediate requirements."
"£1.8m !! Very big numbers indeed."
"Now black really is white. Ditching a product line with all its consequences for customers is now an award winning move. Priceless!"
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