£2m deal to boost box manufacturer’s capacity by 50%

Packaging business The Box Factory has secured a £2m funding deal to help it boost capacity by more than 50%.

Based in Leamington Spa, The Box Factory is one of the largest independently owned, high-volume manufacturers of FSC-certified corrugated packing in the UK.

The funding will see the business make upgrades to its machinery and production facilities, with capital facilities supporting with the import and installation of machinery including an automated casemaker line.

During the pandemic, demand for packaging in the healthcare and retail sectors peaked, and the business saw its client base expand.

To meet this demand, the company has also used the funding from HSBC UK to increase its warehouse capacity and accommodate its growing sales team.

Chris Earle, finance director at The Box Factory, said: “With consumer purchasing habits changing ‘post-pandemic’ and increased market demand, we’re thinking strategically about our growth plans and are spending this time investing in our site, products and manufacturing potential. The help from HSBC UK has been invaluable, and we couldn’t be more grateful for the guidance from our Relationship Director at the bank, Georgina Dempsey.”

Andy Oates, area director for Greater Birmingham and South Midlands at HSBC UK, added: “Our team has considerable experience of working with ambitious manufacturers like The Box Factory. The business has just celebrated 30 years of trading, which is a fantastic achievement, and this deal puts it in a great position to continue its growth.”