Fri, 05 Jan 2018 | BUSINESS SALE
Tommee Tippee owner, Mayborn Group has purchased baby sleep bag brand Grobag and the company behind it for £22 million.
The Gro Company was founded in 2000, by two parents who were struggling to get their baby off to sleep at night. The company behind the Grobag brand, Gro-Group Holdings, has progressed to now offer a range of products for newborns, such as the Grosuit, Grohush, and Grolight.
Stockists for the Grobag range include Mothercare, Amazon, John Lewis and Argos among others.
Momentum Corporate Finance, announced the deal, and acted as adviser for Gro Company management. After the sale the company is to remain at its base in Exeter, where most if its 38 are located.
"The Gro Company has a fantastic range of well-loved and respected products which help parents get babies to sleep safely.” Steve Parkin, chief executive of Mayborn Group said, as reported by Insider Media.
"It shares a number of synergies with our Tommee Tippee brand and we believe that we can use our global position to help grow this business dramatically and bring Gro’s sleep-time solutions to parents around the world” he added.
Mayborn's Tommee Tippee brand was launched in 1965, and is used by parents globally.
This is a rare opportunity to acquire a versatile car sales garage with additional car wash and repair services in Bagshot, Surrey, featuring multiple income streams since its establishment in 2020.
LEASEHOLD
An established car dealership in Berkshire, positioned on a prominent main road, is now available for purchase, offering a prime opportunity for investment in a lucrative market.
LEASEHOLD
The business is well-established and offers its products and services across the region. The vendors now wish to retire, with the business representing an excellent acquisition for an existing operator within a similar sector or a new market entrant.
LEASEHOLD
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