MPM plans international expansion
A MACCLESFIELD pet food firm has lined up a £10m funding package to support future growth.
MPM Products specialises in a premium range of dog and cat food for supermarkets such as Sainsbury’s and Tesco under the Applaws and Encore brands.
With the support of HSBC the £17m turnover firm is planning to increase its product range and target more outlets in the UK and overseas.
Its products are already available in 33 markets across Europe, the US and Asia Pacific, including Australia.
The funding was provided by HSBC’s Manchester commercial team led by senior international commercial manager Margaret MacDonald.
Finance director James Bracewell said: “This funding package will enable us to ramp up our growth strategy and ultimately allow us to achieve our mission – to feed as many dogs and cats as we can, wherever they are.”
MPM employs around 40 staff and is owned equally by five shareholders: Gina Wood, Jon Kinsey, Kirsty Bellamy, Roger Coleman, and Roger Wood.