Close Brothers Asset Finance has assisted in Glasgow-based Bell & Bain’s management buy-out of J Thompson Colour Printers.
The resulting combined company will be the largest production unit in their sector. Founded in 1831, Bell & Bain is one of the oldest independent book and journal printers and binders in the UK, while J Thomson Colour Printers is one of the market-leading print solutions providers in Scotland.
Go deeper with GlobalData
Roger Aust, managing director of Close Brothers Asset Finance’s print division, said: “We are justifiably proud of our long association with Printing, Packaging and Ancillaries, financially assisting customers through the economic cycles. Our understanding of this industry and its assets allows us the flexibility and speed that is so important in facilitating a successful outcome when assisting our clients with acquisitions and mergers, as well as the many other financial requirements of this core marketplace.
“Between them Bell & Bain and J Thomson have been trading for an incredible 270 years and are both, in their own rights, highly successful. Because of this, we had no hesitation in providing them with the asset-backed facility they needed to complete the deal.”
Steve Docherty, managing director of Bell & Bain, said: “Each company had something the other needed. The new scale of the combined firms has resulted in the ability to offer a wider range of complementary services to new clients using streamlined production and up-to-date technology.
“Dealing with Nick Aust of Close Brothers Asset Finance has been a refreshing change from the high street lenders – they understand how businesses need to run and have made a personal dream come true. I cannot thank the team at Close Brothers Asset Finance enough and I urge any business to speak with them first. First-class service.”
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalDataIn May this year Close Brothers appointed an area sales manager to enhance the company’s presence in the north of Scotland, with focus on Inverness & Moray.
