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Close Brothers Asset Finance helps Bell & Bain secure new Rapida presses

Close Brothers Asset Finance has provided funding for Bell & Bain’s two new Rapida 145 large-format presses from Koenig & Bauer, due for delivery to their Glasgow factory in early 2020. This latest deal continues our strong financial partnership with the Company having facilitated the recent management buy-out of J Thompson Colour Printers.

Roger Aust, Managing Director of Close Brothers Asset Finance’s Print division: “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 are one of the oldest independent book and journal printers and binders in the UK and we are very proud to be playing our part in the continued Bell and Bain success story by helping them to thrive.”

Steve Docherty, Chairman, Bell & Bain: “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 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.”

Nick Aust, Senior Relationship Manager at Close Brothers Asset Finance 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”.