Derbyshire aerosol business lands £5.5m invoice finance boost

(L-R) Paul Harris (HSBC Invoice Finance), Tony Brealey (Reabrook) and Kate Beretta (HSBC relationship director)

Swadlincote aerosol businesses, Reabrook, is aiming for global expansion after landing a £5.5m invoice finance facility from HSBC.

The financial support from HSBC will enable Reabrook to focus on growing its Arrow Solutions brand in China. Arrow Solutions provides degreasing products to manufacturers and the rail, transport and oil and gas industry. This expansion follows the set-up of a new company, Arrow Shanghai Trading Company Limited in 2016, supported by HSBC China.

Reabrook is also expanding its operations in the Middle East having recently signed a joint venture to open a manufacturing facility in Saudi Arabia. Reabrook’s growth in China and the Middle East is expected to increase turnover by 30% in the next five years.

Reabrook will also be using the additional working capital to add further products to its Nielsen brand. Nielsen specialises in cleaning and infection control products for the automotive sector. The brand is seeing continuing growth in the UK and increasing demand for its products overseas.

Tony Brealey, managing director at Reabrook, said: “This support from HSBC will not only help us expand our offering in China and the Middle East, but also provide an integrated banking approach with HSBC’s international offices. This increased facility also enables us to further grow our private label business working with the major retailers and brand owners.”

Roger Pratt, area director for corporate banking at HSBC, said: “HSBC continues to connect UK businesses to international opportunities and we’re thrilled to be supporting Reabrook in its global ventures. We are committed to helping businesses large and small to realise their ambitions and we look forward to seeing Reabrook fly the flag for British manufacturers overseas.”

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