West Bromwich-based Beeswift Limited, one of the leading manufacturers and distributors for high-quality health and safety products in Europe, has completed the acquisition of the Dutch distributor for workwear and protective clothing, Schulte Safety Products (SSP).
SSP is now wholly owned by Beeswift Limited and will be known and traded as Beeswift BV.
The acquisition will ensure Beeswift BV benefits from inward investment to enhance and deepen its existing product range.
The acquisition has already led to an increase in its workforce with further additions planned as the business grows over the coming months.
Minister for Investment, Graham Stuart, said:
“Beeswift’s acquisition of Schulte has already created new jobs for people in West Bromwich and will sustain many more. The continued expansion of the company will create further opportunities for the local economy with job growth, driving increased local spending.
“As an international economic department, DIT supports UK companies’ investments overseas where it creates jobs and wealth for the UK economy.”
Commercial and Export Director for Beeswift, Darren Washbourne:
“Our aim has always been to become the leading wholesaler of personal protective equipment and safety workwear and the acquisition of SSP will help us to achieve this. We expect initial growth to come from mainly Netherlands and Germany in the short term, but as Beeswift BV becomes more established we will expand further across the Eurozone.
“As a result of the investment overseas, we have hired more staff at our West Bromwich base and plan to increase our numbers further underpinning continued growth.”
The acquisition also provides Beeswift with a firm footing from which to build on a history of strong export success.
The Department for International Trade (DIT) has been supporting Beeswift’s export activity for over 10 years. DIT have supported the firm at trade shows, facilitated engagement with international Posts, helped upskill Beeswift staff, and provided face-to-face support with an international trade adviser as and when it is needed. DIT support recently contributed to two of Beeswift’s export wins in the Netherlands and France.
Ian Harrison, Director of Exports, Department for International Trade, Midlands, said:
“Beeswift is a fantastic example of a West Midlands company with a truly international outlook. From their strong track record of exporting, to their acquisition of SSP, they are establishing themselves as an industry leader at home and abroad.
“We have worked with them over a number of years and look forward to the future as we continue to support their growth.”
Whether you’re a brand new exporter looking to take your first steps into international markets, or want support to assist your expansion into more overseas markets, DIT is here to help. For information on how DIT can help your business, email: info@tradeWM.co.uk, or call 0345 222 0159.