10/07/2012
Norbain acquired by Newbury
Reading, Berkshire (UK)
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, Deta Electrical Company Ltd, Decco Ltd, Stearn Electric Co Ltd, UK Cables Ltd, UK Electric Ltd.
With a turnover of circa £320 million and net asset value of £82 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: “We are confident that Norbain’s best in class operations combined with Newbury Investments’ financial strength and complementary distribution experience will secure our future growth strategy”.