Simon and Bobby Arora, the names behind the stores, bought the Opus Homewares chain and now plan on opening more stores around the country under the B&M Bargains trade name.
Over the last two years, the brothers have opened a commercial properties at an average rate of one new store per week.
Managing director Simon Arora said: "This acquisition is strategically important to us and allows us to expand the business into new parts of the UK such as Scotland and Northern Ireland, where we are under-represented."
And he hopes the brand can now gain a greater presence throughout the country's retail parks, with high streets previously targeted as store bases.
Formed in 1976, B&M opened its first outlet in Blackpool but now has more than 190 shops, with a staff base of more than 5,000 employees.
Posted by Tom Baker