Mon, 05 Sep 2022 | BUSINESS SALE
Birmingham-based clothing business BTC Activewear has been acquired by listed Swedish firm New Wave Group in a deal that values the company at £33 million. The price represents a multiple of around 8.25x BTC’s profits of slightly over £4 million for the year ending December 31 2021, generated on turnover of £53 million.
BTC Activewear operates from a distribution centre and head office at junction 9 of the M6 near Wednesbury. The company sells a wide range of clothing, including sportswear, casual wear and workwear, as well as luggage and bags, and serves both the online and high-street retail markets.
The business was formed in 2000 through the merger of three existing firms and has since grown to become one of the UK’s largest wholesale clothes distributors, selling approximately 50 apparel brands, including Nike and Regatta.
BTC Activewear CEO and co-founder Stephen Pope, who will remain in his role post-acquisition, commented: "BTC Activewear will be able to grow and take further steps together with New Wave Group where the mix between our understanding of and position in the UK market and New Wave Group's experience and brands will be an unmatched combination.”
"With a more comprehensive and improved customer offer, we will be able to reach new customers and compete in new areas. Of course, this will be beneficial to the business and also allows us to grow sales of our existing portfolio of brands."
New Wave Group CEO and founder Torsten Jansson added: "Through this acquisition, we establish New Wave Group as one of the main players on the UK market which of course feels great. In addition, we will add a very attractive and well-run company to our group as well as invaluable industry knowledge that will benefit all New Wave Group companies."
Find businesses for sale here.
If you are looking for an exit, we can help!.
The company is a supplier of automation and industrial manufacturing components, catering to a long-standing customer base that spans a diverse range of sectors. Products include electrical motors, gearboxes and motor control drives; electrical equip...
LEASEHOLD
First sale ever. Very long established Fruit & Veg Supplier serving extensive catchment area. Turnover approximately £1 Million plus with good profit potential long term. Business now available due to retirement. Established Management structure, to...
LEASEHOLD
A car retailer that sources a wide range of vehicles and then sells them on to customers at discounted prices. Established in 2005, the business is a highly lucrative auto broker, catering to the high-performance and prestige car market. In an ideal...
LEASEHOLD
23
|
Apr
|
Furniture retail group acquires stock and IP of e-commerce firm | BUSINESS SALE
Flair Furniture, a retail group based in West Yorkshire, has...
23
|
Apr
|
UK administrations update: April 17 – 23 | ADMINISTRATION
Since our last update, the following businesses have been co...
23
|
Apr
|
TC Group merges with Rochester accountancy | MERGER
TC Group has continued to expand through strategic M&A after...
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
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.