Close Brothers Asset Finance has provided funding for Bell & Bain’s two new large-format presses from Koenig & Bauer (RA145 8 colour & RA145 4 colour); these latest acquisitions follow a similar deal in 2019, and continues a long-standing strong financial partnership between the firms.
Founded in 1831, Glasgow-based Bell & Bain are one of the oldest independent book and journal printers and binders in the UK, and have been investing heavily over the last few years, including the acquisition of J Thompson Colour Printers in 2019.
Nick Aust, Senior Relationship Manager at Close Brothers Asset Finance Finance’s Print division: “Despite the pandemic, Bell & Bain have remained very busy and the machines are already increasing their capacity and will no doubt play a key role in meeting current and future demand.
“Given our strong working relationship, 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 continues to exciting, and dealing with them remains a pleasure.”
Steve Docherty, Chairman, Bell & Bain: “We bought the machines to make everyone’s lives easier – they’re already saving a great deal of time, but we’re in the very fortunate position of getting busier and busier.
“To help us with our growth ambitions, we wanted to work with a funder who understands our business and is able to react quickly while also providing expert advice and offering deals that work for all parties.
“We continue to work together well - it’s a fantastic partnership and thank you Close Brothers Asset Finance team for their help and support.”
Nick Aust added: “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”.