Reading UKNorbain announced today that its UK operation including export has been acquired by Newbury Investments (UK) Ltd from the administrators, KPMG.Norbain is one of Europeโs most successful distributors of CCTV, IP Video, Access Control and Intruder Detection equipment. Headquartered in Reading, Berkshire, the company employs over 240 people throughout the UK in various sales offices and at its distribution centre in Manchester.
Each year, the companyโs International Sales division sells into 77 countries across 5 continents.Newbury Investments (UK) Ltd is part of a substantial family business which trade extensively across North America, UK and Australia in distribution.The shareholders acquired their first UK business, Edmundson Electrical Ltd, a leading UK Electrical distributor in 1979.Newbury Investments (UK) Ltd has 5 trading subsidiaries:
โข Deta Electrical Company Ltd
โข Decco Ltd
โข Stearn Electric Co Ltd
โข UK Cables Ltd
โข UK Electric LtdWith a turnover of circa ยฃ320 million and net asset value of ยฃ82 million, prior to the acquisition of Norbain, Newbury Investments (UK) Ltd is a financially strong group which will underpin Norbain and allow Norbain’s suppliers, customers and employees to be confident in its future trading. Barry Shakespeare, managing director of Norbain SD Ltd, stated:โWe are confident that Norbainโs best in class operations combined with Newbury Investmentsโ financial strength and complementary distribution experience will secure our future growth strategyโ. Ends.
For all sales enquiries, please contact:
marketing@norbain.comย
