Bank’s multimillion-pound package provides Horlicks hot drink group with growth capital
Aimia Foods, the Haydock-based owner of the Horlicks hot drink brand, has secured an eight-figure growth funding package from HSBC UK.
It will enable the company to expand its operations, including moving to a larger warehouse and increasing growth across several product ranges.
It will also invest in new equipment to boost production capacity, enhance efficiency, and explore new packaging formats. This will help the business meet evolving customer demands and remain competitive in the market.
This follows the business’s re-acquisition by its founding family in June 2024, facilitated by an eight-figure funding package from HSBC.
Known for its Horlicks and Drink Me Chai brands, Aimia also manufactures and distributes some of the leading FMCG (fast moving consumer goods) brands in UK Retail.
Aimia Foods supplies all channels in the UK, including retail, foodservice, vending and online, and has an export division. The company offers extensive sales and marketing capabilities, serving both its own and third-party brands.
Founded in 1981 by Gary and Ian Unsworth as a vending ingredients supplier, Aimia Foods was sold to Vimto owner, Nichols, in 1986.
The family regained ownership in 2004 and successfully increased the annual turnover from £30m to £65m over the following decade.
Sold to Primo in 2014, Aimia Foods was re-acquired by the family in June 2024, with HSBC’s support. It now has a turnover in excess of £120m.
Rob Unsworth, Executive Chairman, said the HSBC team has shown a strong belief in Aimia’s vision and understood its future goals for the business.
“The team at HSBC UK has been incredibly supportive, demonstrating a clear commitment to our growth and success.
“This partnership has been instrumental in enabling us to expand our operations and explore new opportunities.”
He added: “Aimia Foods is an excellent business with immense potential, and we are excited about the journey ahead and the positive impact we can make in the industry.”
Andy Oates, Head of HSBC Corporate, West Midlands, UK CMB, said: “This funding package underscores our commitment to helping businesses like Aimia Foods expand and innovate.
“We look forward to seeing how their investment in new markets will drive their success and further strengthen their significant presence in the food and drink sector. It’s an exciting time for Aimia Foods, and we are proud to be part of their continued success.”
