Packaging firm wraps up £10m finance deal
A West Midlands packaging manufacturer has wrapped up a £10m growth deal.
Hereford-based Gelpack Excelsior produces films, bags, liners and sacks for a range of industry sectors, including food and beverage, medical and pharmaceutical, bedding and furniture m manufacturing.
It is one of the largest privately owned polyethylene packaging manufacturers in the UK, with total annual capacity of 30,000 tonnes.
It has secured a £10m Asset Based Lending (ABL) facility through business financier, Bibby Financial Services (BFS).
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