NEW WAVE GROUP AB (PUBL) ACQUIRES B.T.C. ACTIVEWEAR LIMITED
New Wave Group has today acquired 100 % of the shares in the UK promotional, corporate and teamwear apparel company B.T.C. Activewear Limited. The consideration for the purchase of the shares is £33 million on a cash and debt free basis and is paid in cash.B.T.C. Activewear was founded in 2000 through a merger of three regional businesses and has its distribution center and head office in Birmingham. The company is the UK’s third largest wholesale distributor within its sector, offering ca. 50 leading international apparel brands. B.T.C. Activewear’s sales model showcases the potential of e-