02-05-2025
- Business
- The Herald Scotland
Mountain Warehouse Scottish insect spray supplier bought out
Scotmas Group, which was started by Stefan Cameron's grandfather, was previously the majority shareholder.
He is targeting growth in online sales and further expansion in overseas markets.
Kelso-based Pyramid Travel Products specialises in manufacturing health-related travel products aimed at protecting 'outdoor enthusiasts from adventurers to gardeners', with a particular emphasis on safety in malaria-prone and tropical regions.
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HSBC noted that Pyramid is aiming to expand its online sales presence through its website and other marketplaces, 'shifting focus towards individual customers' while maintaining its business relationships with companies such as Mountain Warehouse and Ocado.
Pyramid, which already has a presence in Germany, Chile, Singapore and Norway, plans to expand its product range and enter new territories in Europe, the Middle East, and South America.
The company, which recorded turnover of around £1 million in 2024, employs seven full-time staff, including in technical, operations, and production roles.
It is hiring two additional seasonal staff during the summer to meet increased demand.
Stefan Cameron, managing director of Pyramid, said: 'The ownership transition will enable us to be better prepared and positioned for future growth as market demands and our service offering evolves. Thanks to the support from HSBC UK, I have been able to smoothly transition into becoming the majority stakeholder.'
Allan McGraw, relationship manager at HSBC UK, said the management buy-out at Pyramid would 'pave the way for continued growth in the years to come'.
