Dean Packaging secures £900,00 funding investment
Monmouthshire-based Dean Packaging has secured almost a million pounds from Santander Business Banking.
The investment, £973,000, will help the company grow and attract new clients locally and from across the UK.
The company has over 20 years of experience as a leading supplier of packaging materials to the food and industrial sectors, with a turnover of £1.8 million.
Paul Williams, relationship director at Santander Business Banking, said: “We are delighted to be supporting a successful local business in its aspirations for growth.
“Dean Packaging have secured the market in South East Wales and Herefordshire and we are happy to be supporting the team as it looks to invest in growth and expand its footprint.”
Ian Kennedy, director at Dean Packaging, added: “We reached a point where we were looking to invest for growth – the team at Santander has been very supportive and listened to our needs to provide a funding solution that really worked for us.”
The company hopes to surpass £2 million turnover in 2018.