Banner of Normanton snaps up cleaning products specialist
25 July 2018
Wakefield-headquartered workplace supplies and services provider Banner has acquired a Leicestershire-based cleaning and hygiene products specialist.
Subec Wiping Solutions, based in Hinckley, supplies the UK commercial, industrial and domestic markets with a range of branded and unbranded products, in categories from catering and floor care to nursing and vehicle cleaning. Products include hand soaps, sanitisers, paper disposables and impregnated specialist wipes.
The company has recorded seven-figure annual revenues during the last four years. Owners and shareholders Sue Knight and Ian Jones, who founded the company in 2001, will remain with the business, which will continue to operate from its present site and trade under its current name, following the sale.
Banner, based in Normanton, has clients in the public, private and third sectors. Its customers include FTSE 100 businesses, banks, government departments, local authorities, charities, non-governmental organisations and small and medium-sized enterprises.
Craig Varey, managing director of Banner, said: "We see immense value in the Subec business, which we feel represents the ideal acquisition to enhance the evolution of our cleaning and hygiene category. Subec has experienced considerable growth since its foundation and has established a prominent reputation within its industry."
Subec's Sue Knight said: "Over the years we've earned an excellent reputation in our sector as a professional, trustworthy and reliable service provider. We continue to receive a continual stream of repeat and referral business and we're really excited by the opportunity to offer a more diverse set of product categories to our loyal customer base."