Over 20 jobs saved as reusable nappy firm sold in pre-pack deal

Some 22 jobs have been saved after a Northampton reusable nappy firm was sold in a pre-pack deal.

Kiri Holland and Danny Dartnaill of BDO were appointed joint administrators of Bambino Mio Limited on 29 November.

The company is a multi-category consumer goods brand focused on reducing waste through the use of reusable nappies.

The joint administrators completed a pre-pack sale of the business and assets of the company immediately following their appointment to Demeter Project, a wholly-owned subsidiary of Kiddy Cloud.

The deal has saved the jobs of 22 staff who have transferred to the new owners of the business

As part of the transaction, the company’s wholly owned trading subsidiary, Bambino Mio B.V., based in the Netherlands, has also been acquired on a solvent basis.

Kiri Holland, one of the joint administrators, said: “Bambino Mio is a well-established consumer business that has experienced similar headwinds to other operators in the sector.

“We are delighted to have secured a sale of the whole business, including its international operations, preserving 22 jobs in the UK and delivering value for creditors and continuity for business stakeholders.”