Ice products manufacturer secures cool £4.5m investment

Matt Pollard, relationship director at Lloyds Bank; Philip Marr, owner and director at The Ice Co; Giles Wharton, finance director at The Ice Co; Ian Banks, senior regional manager for Mid Markets asset finance at Lloyds Bank
A West Yorkshire ice products manufacturer has invested £4.5m in new machinery to launch a new range of 'premium' ice cubes. The Ice Co in South Kirkby has bought the new equipment, which will produce 300,000 ice cubes per hour, with the help of a £2m revolving credit facility and £1.2m asset finance facility from Lloyds Bank. The machines will produce large ice cubes designed to cool drinks quickly while melting slowly. The Ice Co says it is targeting the range at the rising number of consumers looking to bring an “impr... You can carry on reading for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...