New ownership at Tropical Marine Centre

The UK-based livestock and aquatic product supplier Tropical Marine Centre (TMC) has transferred full ownership of the business to the management team with the support of a GBP-3-mio management buy-out facility from HSBC UK. The facility, which forms part of a wider seven-figure deal, has enabled the company not only to take ownership of the business but also to support those colleagues who are retiring. Celebrating its 50th year of trading last year, TMC has been one of Europe's leading suppliers of marine fish and invertebrates since 1970. The business imports more than 1 800 species sourced from 100 different supply lines around the world and supplies retailers and businesses across 50 countries, including over 1 200 retail stores in the UK, according to the company.