Access control solutions company Paxton have announced their “full commitment and support” to Norbain following last week’s news that the security products distributor had been acquired by Newbury Investments (UK).
Paxton issued a statement on Friday saying that they were “fully behind Norbain” and emphasising the companies’ 20 year history together.
Norbain were acquired by Newbury Investments on Friday July 3 as part of a pre-pack administration in a deal that managing director Barry Shakespeare described as a deal that will “secure our [Norbain’s] future growth strategy.”
Paxton echoed Mr Shakespeare’s sentiments saying that they believe that with the financial strength and experience of Norbain’s new investor “the change marks a positive move for both companies.”
They continued: “Paxton and Norbain will continue to enjoy a solid relationship and now face a bright and exciting future together.”
This year Paxton launched Net2 PaxLock which they describe as the most significant addition to their Net2 system in over a decade, and this month the access control company are launching Net2 Entry with support from Norbain.
Adam Stroud, group CEO of the Paxton Group, said: “Paxton and Norbain have enjoyed an extremely strong relationship for two decades now. We are fully committed to continuing this solid relationship and moving towards a prosperous future together. Norbain is a strong brand and a great channel through which to launch our first-ever door entry system, Net2 Entry. We look forward to supplying and launching even more of our security innovations with Norbain in the future.”
