Tommee Tippee owner buys company behind Grobag

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.


Share this article



Latest Businesses for Sale

Outdoor & Military Wear Retailer
Kent, South East, UK

Strong online presence. Amazon and eBay sales. Excellent range of products. Relocatable opportunity. Scope for growth. Offers invited.

Asking Price: £450,000
Turnover: £2,474,732

RELOCATABLE


Electrical Appliance Retailer & Wholesale
Stalybridge, Manchester, UK Wide

The business for sale is a family owned, electrical appliance retailer and wholesaler based in Stalybridge, Greater Manchester. This business sells a wide range of freestanding and integrated kitchen and home appliances from washers, dryers, sinks, k...

Asking Price: £260,000
Turnover: £938,603

LEASEHOLD


Motorsport Retailer with Unparalleled Showroom Facilities
UK Wide

Retails a diverse selection of motorsport and recreational vehicles, with a large range of models (both new and used) for multiple disciplines, and suited to children, novices, and professionals. From an impressive showroom, the company draws custome...

Asking Price: Offers Invited
Turnover: £10,000,000


View more businesses for sale

News Search

Latest News

 
13
 
Dec
 

Gateley acquires T-three | BUSINESS SALE

Commercial law and professional services firm Gateley has ac...

 
12
 
Dec
 

Appello acquires Mevivo Careline | BUSINESS SALE

Living solutions provider Appello has acquired telecare and ...

 
11
 
Dec
 

PiggyBank owner enters administration | ADMINISTRATION

DJS Limited, the parent company of payday lender PiggyBank, ...

Free guide: 10 Biggest Buyer Mistakes

Sign up to receive our acquisition alert emails to get your FREE guide

Email


Want access to the latest businesses for sale?

Business Sale Report is your complete solution to finding great acquisition opportunities.

Join today to receive:

  • Comprehensive range of businesses for sale
  • Make direct contact with business sellers or their intermediaries
  • Access to all UK administrations, liquidations and winding-up petitions
  • Daily email alerts for the latest businesses for sale & distressed notifications
  • Business Sale Report publication posted to you every month
  • Advertise your acquisition requirements on our "business wanted" section

All this and much more, including the latest M&A news and exclusive resources