SciChem

SciChem

Date Bought: September 2017

Industry: Scientific and chemical supplies

Location: UK

Website: www.scichem.com

“Scichem has been providing scientific and laboratory equipment to schools, universities and industry for over 60 years. The marketplace is more competitive than ever, and Rcapital’s investment has enabled Scichem to meet the challenges of the current environment. Working in partnership with Rcapital, and using their considerable business knowledge and expertise, along with the Scichem management team’s passion for science and education, has enabled us to formulate a solid plan for long term sustainable growth, whilst also enabling us to continue providing the high level of service and advice that our customers have been used to for over 60 years”

Oliver Birkwood, Director

SciChem is a market leading distributor of scientific and laboratory equipment, supplying education and industrial sectors in both the UK and overseas.

The former family owned business has traded for over 60 years and employs circa 90 members of staff from its headquarters in Wolverhampton, as well as satellite sites in Cork and Aberdeen.

Rcapital backed the incumbent CEO Paul Gill and provided a significant working capital facility to facilitate future growth, with ongoing support also being provided by existing lenders HSBC and Barclays Bank Plc.