Subec Wiping Solutions Limited (“Subec”), has been acquired by Banner Group Limited (“Banner”), one of the EVO Group of companies.
Banner is a supplier of business critical products to the private, public and the third sector (charities, NGOs). Their customer base contains companies and organisations that range from government bodies and agencies, the largest FTSE 100 listed companies right through to smaller charities and SME’s.
The Banner heritage is drawn from the supply of stationery and print-related needs, however, they go far beyond “traditional” office products and provide solutions and services for the wider workplace, covering cleaning and janitorial supplies through to furniture, printed goods, technology and office services.
Subec provides the ideal acquisition to enhance the evolution of the Banner cleaning and hygiene category. Positioned as one of the UK’s premier suppliers of specialised cleaning and hygiene products, Subec supplies a substantial customer base across both commercial and industrial markets.
On instructing KBS with the sale of their company, Subec immediately generated high levels of interest as the unique and thorough research strategy of KBS Corporate was implemented.
There was much interest in the opportunity from both trade buyers and private individuals. However, the ultimate offer came from Banner.
The shareholders at Subec will remain at the company, to help oversee any changes and support future growth.
Julie Doyle, Deal Executive at KBS Corporate, advised on the deal and commented; “I have enjoyed working with both parties and wish them well going forward. I think the acquisition will be a success and I’d like to thank both parties for their co-operation throughout the process.”