Norbain's UK operation including export has been acquired by Newbury Investments (UK) from the administrators, KPMG.
Norbain, a distributor of CCTV, IP Video, Access Control and Intruder Detection equipment, is headquartered in Reading, Berkshire, and employs over 240 people throughout the UK in various sales offices and at its distribution centre in Manchester. Each year, the company's International Sales division sells into 77 countries across 5 continents.
Newbury Investments (UK) is part of a substantial family business which trade extensively across North America, UK and Australia in distribution.
With a turnover of circa £320 million and net asset value of £82 million, prior to the acquisition of Norbain, Newbury Investments (UK) 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, 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."
"Customers require more from a UC distributor than simply product stocking and shipping. They want a distributor that helps to drive innovation as a technology enabler."
Steve Harris, Managing Director, VCOMM