Amcomri Group completes acquisition of Bex Design & Print Ltd
Amcomri Group has confirmed the completion of its acquisition of Bex Design & Print Limited, a 35-year-old specialist screen and digital print business supplying into the electronics and other industries, in a deal completed by Swindon-based corporate finance specialists Watersheds.
Bex Design & Print Ltd (“Bex”), based in Wiltshire, was originally known as Serobex, and was founded by Michael Board in 1987 with just two employees. The company moved to its current premises in 1995 and rebranded as Bex Design & Print. Since then, the business has grown considerably while developing a strong reputation for quality, reliability and customer service.
Michael’s son Ian became Managing Director in 2005, and under his management, the company has made substantial investment in state-of-the-art machinery in order to significantly reduce lead times and costs.
John Stopher, a partner with Watersheds, said his firm has been working with the Board family to put Bex Design & Print in the best possible position for future growth and the eventual sale.
“We took time to understand exactly what the family’s aspirations were for their company, and advised them on how best to achieve those, so that when the time felt right for them to sell they could achieve the best possible result,” said John.
“Amcomri Group is a fast-growing, acquisitive group of quality British engineering and manufacturing businesses. Over the past four years, the group has acquired nine SMEs in the industrial sectors, and has a wealth of experience in optimising business performance. We recognised that Amcomri Group was a good fit with Bex, as Bex is already a highly respected brand and as a specialist printer enjoys a particularly strong reputation within manufacturing industries.”
Bex chairman Ian Board said: “Having spent decades building a successful business, our family wanted to make sure that succession planning was in place to ensure the firm’s next iteration was a positive one, and also to protect the job security of the loyal colleagues who have contributed to Bex Design & Print’s continued growth and success.
“We have been delighted with how the sale has gone and feel we have, with John’s help, directed Bex towards a very promising future through the sale to Amcomri Group.”
Mark O’Neill of Amcomri Group said: “Bex is an extremely well-run business that has performed particularly well during the recent difficult trading period. The company is a particularly good fit with our growing group of specialist electronics businesses, and we look forward to working with Ian Board and the team at Bex to deliver further success to the business.”
The lawyers advising Bex Design & Print were Thrings, and Mander Duffill acted as their accountants. Harrison Clark Rickerbys of Cheltenham were the legal advisers to Amcomri Group.