The acquisition will see BMB’s dependable, consistent high service standards coupled with SWI’s strengths in design, product development and marketing, to drive the market forward in line with school, parent and student requirements.
Nigel Plenderleith, BMB’s Chief Executive commented:
“The market continues to change and we need to ensure that we adapt and move the business forward through product innovation. To achieve this it is crucial to have a solid understanding of the needs of the end user along with a multi-channel reach. Combining our extensive experience and product portfolio with SWI’s design, product development and marketing capabilities will provide us with enhanced opportunities as part of an enlarged group.”
Luke Jones, Partner MML, said:
“We believe this is the perfect fit, bringing together leadership, expertise and complementary capabilities to meet the market’s ever changing requirements.”
The deal was funded by MML with support from BMB’s incumbent lender Barclays Bank who provided working capital facilities.