BBI Group has today announced the completion of its acquisition by Exponent Private Equity (MediWales, 2017).

Commenting on the deal, BBI Group CEO Lyn Rees said “This acquisition represents a firm commitment to the future growth plan of BBI, with the new ownership backed by a proven track record in the investment of resources for continuous improvement and business growth…We are looking forward to working with Exponent to unlock the company’s true potential as we further strengthen our product portfolio, development and manufacturing capabilities.”

BBI specialises in diagnostic tests and materials along with consumer healthcare portfolios from its BBI Solutions, BBI Detection and BBI Healthcare entities.

Exponent, a private equity firm focused on”‘the creation of world class UK businesses”, and their newly appointed Chairman for BBI, Alan Peterson, have been part of many success stories including thetrainline.com, Quorn Foods and Radley London.