Funding boost for SPC
SPECIALITY Paperboard Containers is planning further capital investment in plant and machinery after securing new funding.
Barclays has announced the partnership with the Rotherham-based business.
The company won the Queens Award for Enterprise for International Trade in 2011.
It manufactures a range of direct fill paperboard containers and lids for the food processing and packing industry.
The company has had £1.5m of capital investment last year and is aiming to invest further in 2013.
Done deal: (l-r) Paul Nixon, MD, and Steve Crane, director, both of SPC; Andrew Marsh, corporate director at Barclays; Matthew Chenery, Barclays relationship director, and Julie Bennett, Barclays trade and working capital manager.
Paul Nixon, managing director of Speciality Paperboard Containers, said: “Barclays has been very supportive of our requirements and plays an integral part in our plans for future growth. With the new banking facilities in place, we are now able to focus on further growth plans.”
Speciality Paperboard Containers employs 27 staff across South Yorkshire and has an annual turnover of £5.2m.
Matthew Chenery, Barclays relationship director, said: “Speciality Paperboard Containers is a highly professional and progressive brand that is thriving despite the current economic challenges.
“The management’s ambitious growth plans are testament to their success and we look forward to seeing this forward thinking and ambitious business bring their aspirations to fruition.”
