Close Brothers Asset Finance has provided funding for Scottish firm Bell & Bain’s printing presses as part of the printer’s £20m investment programme.
The funding from Close Brothers is for two new Rapida 145 large-format presses from Koenig & Bauer, due for delivery to Bell & Bain’s Glasgow factory in early 2020. The latest deal is a continuation of Close Brothers’ financial partnership with Bell & Bain, having facilitated their recent management buy-out of J Thompson Colour Printers.
Go deeper with GlobalData
Roger Aust, managing director of Close Brothers Asset Finance’s print division, said: “The machines will increase Bell & Bain’s capacity and play a key role in matching their ambitious growth targets by serving the dual purpose of both mono book work and high-quality coffee table book printing.
Founded in 1831, Bell & Bain is one of the oldest independent book and journal printers and binders in the UK.
Nick Aust, senior relationship manager at Close Brothers Asset Finance, said: “We already have a strong working relationship with the team at Bell & Bain and it made sense for us to work together with them on acquiring these two new presses. They know what they want to achieve, and have clear goals, being their financial partner is exciting, and dealing with them is a pleasure.”
Steve Docherty, chairman for Bell & Bain, said: “We want to work with a lender that understands both Bell & Bain and myself. I find it more than difficult to deal with high street lending because it takes forever to get an idea into reality, just as the boat sailed. Nick and Roger Aust want their clients to be successful and provide a ‘yes’ or ‘no’ answer to the next stage of any company’s journey. We work together well – it’s a fantastic partnership and I thank them both and the Close Brothers Asset Finance team for their help and support.”
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData
