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.
The business has been operated by the current vendors for over 25 years and this is the first time the site has been advertised on the open market for over 100 years. The business has built up an enviable reputation throughout the area for quality an...
FREEHOLD
A well-established business with a renowned reputation amongst local residents. This is a superb opportunity to take on a high turnover local business in an area teeming with customers. There has been a similar type of business at these premises sinc...
LEASEHOLD
Well-established musical instrument retail business in Barrow-in-Furness, Cumbria. The business was established in 1977 and has been in our client`s careful ownership for the past 14 years. Only now is the business being offered to the market due to...
FREEHOLD
|
15
|
|
Aug
|
Payroll and HR companies acquired by software group | BUSINESS SALE
IRIS Software Group has finalised the agreement of intent to...
|
14
|
|
Aug
|
NG Bailey’s acquisition of Freedom boosts its turnover by 16 per cent | BUSINESS SALE
Engineering and services group NG Bailey’s strategic a...
|
13
|
|
Aug
|
Forensic science equipment supplier completes MBO | MBO/MBI
A private equity firm has backed the management buyout of a ...
Sign up to receive our acquisition alert emails to get your FREE guide
Business Sale Report is your complete solution to finding great acquisition opportunities.
Join today to receive:
All this and much more, including the latest M&A news and exclusive resources