Toy maker eyeing expansion after £13m funding boost
Bury-based toy manufacturer and distributor Sambro International, is assessing growth opportunities after securing a £13m funding package with Barclays Bank.
The business, which was founded in 1996, 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.
Chief executive, Tony Hicks, 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 private equity firm 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, said: “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.”