Former Grant employees buy its bankruptcy estate

Four former employees have bought Grant’s bankruptcy estate and plan to continue supplying windows to the Faroese market, broadcaster KVF reports.

The buyers, including Jákup Olaf Jóhannesarson, will operate under the name Hádygd. Once the former Vatnsoyrar Snikkaravirki workshop is cleared, the company will move all its operations to a building in Miðvágur.

Grant once held nearly the entire window market in the Faroe Islands, but in recent years it struggled to compete with imported windows. Hádygd will not manufacture windows in the islands, but plans to take special orders for doors and windows at its Miðvágur premises.