Sambro International secures new £13m Working Capital facility to finance future growth
LEADING toy manufacturer and distributor Sambro International Ltd is assessing growth opportunities after securing a £13m funding package with Barclays Bank.
The Manchester-based business, achieved strong sales in 2020 despite the challenges imposed by the pandemic. Sambro employs more than 90 staff and has offices in Bury, Hong Kong and Amsterdam.
Tony Hicks, CEO of Sambro International, said: “We are delighted to be working with the Barclays’ team and have been very impressed with their desire to understand our business and build a strong partnership approach. The next few years will be very exciting for our business.”
Tom Falcon, Chairman of Sambro and Partner at Elysian, which has backed Sambro since 2016, said: “We have been really impressed by Sambro’s resilience and business improvements over this challenging period.
“Combining Sambro’s highly capable team with Barclays Bank support, the platform has been laid for a period of accelerated growth. Sambro can pursue new opportunities and markets and we are excited by the future for the business.”
Matt Ryan, Head of North and Midlands Large Corporate Retail & Wholesale at Barclays added: “Barclays has been building a close relationship with Sambro International since it was acquired by Elysian in 2016 and I’m delighted to see this latest facility put in place to support their continued growth aspirations.”
This was posted in Bdaily's Members' News section by Helena Young .