UK-based sailmaker and chandlery expands after acquisition
UK-based sailmaker and chandlery P&B has been acquired by Rhys Rollitt and Steve Badham from founder Ian Pinnell. Following this change in ownership, the company is planning to expand its position through increased investment in stock and its website, as well as by adding new retail locations in the UK to extend its product range.
P&B has operated in the marine industry for over 30 years, specialising in sail-making and supplying dinghy clothing, chandlery, spars and rigging, boats and dinghy covers. The company also specialises in GRP, wood and carbon dinghy and mast repairs.
“I am so excited to be leading this business into a new period of growth,” says Rollitt, following his acquisition of P&B. “Everything you love about P&B, the knowledgeable staff, the swift service and the winning sails, stays, but we can add more investment into stock, the website and new outlets to develop an even more comprehensive range to satisfy our customers.”
Pinnell will continue to serve as a consultant for the next two years. All existing staff members remain in their current roles.
“It is great to be leading P&B in this new phase, we are really looking forward to being able to support Dave Wade and the team here to develop P&B even further,” adds Badham.
Plans include the opening of a P&B shop in the southwest UK, with further retail locations under consideration.
Read more about the latest mergers and acquisitions in the marine industry.
