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Business

Glossop Cartons doubles in size

Thanks to a six-figure funding package from Lloyds Bank Commercial Banking, carton board manufacturer, Glossop Cartons will expand its property by over 50%.

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Glossop Cartons has doubled in size thanks to six-figure funding

The family-run company has acquired the 2,300m2 industrial building adjacent to its existing 4,143m2 Stockport production units, and has already begun investing in new manufacturing equipment and the boost in production capacity, turnaround time and flexibility this will bring.

The first investment since the funding is Glossop Cartons’ second Brausse Forza 900 C3 folder gluer which is an updated version of its predecessor with motorised carriers.

Jackie Sidebottom-Every comments: “Glossop Cartons has ambitious growth plans for the future. The 50% expansion of our premises will generate the space necessary to help achieve these plans.”

This latest funding forms part of our plan to help Britain prosper, which has seen us commit £1.3bn to support businesses in the North West this year

This latest news follows a period of ongoing investment in capital, staff and systems as the firm invested in the UK’s first Brausse Forza 900 C3 last year as well as investing in its management team which resulted in the appointment of a new operations director.

Reflecting on the purpose of the funding, Chris Perkins, relationship director at Lloyds Bank Commercial Banking adds: “Glossop Cartons has delivered impressive growth in recent years, both organically and via acquisition, and we’re proud to have been by its side throughout the process.

“This latest funding forms part of our plan to help Britain prosper, which has seen us commit £1.3bn to support businesses in the North West this year.”

If you have any news, please email carys@linkpublishing.co.uk or join in with the conversation on Twitter and LinkedIn.


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