Bulletin

£3.2m of funding to allow rubber firm to expand

Latex Sheeting, £3.2m Funding Allowing Rubber Firm to Expand - SantanderCB

Derbyshire rubber latex sheeting manufacturer Four D Rubber has secured a £3.2m funding package from Santander Corporate and Commercial for investment in new machinery at its bases in the UK and Sri Lanka. The company currently supplies the medical, retail and leisure industries, but is now hoping to expand into new markets. Four D Rubber is also the global leader in latex sheet for the international latex clothing market. The funding from Santander comes just over a year after a management buy-out led by current Chief Executive Richard Gogerty. His management team is now looking to expand in 2016, with a particular focus on international territories. Steve Young, Relationship Director at Santander Corporate and Commercial, said: 'Four D Rubber is an excellent example of a UK business which has developed a unique product and has carved out a niche market for itself. We are confident that the business will go from strength to strength.'

 

Note: News bulletin content has been provided by a third-party and is not the opinion of Santander

Other Articles

The new Apprenticeship Levy could help transport and logistics companies solve their recruitment problems and equip their workforces with…

Cornwall is a land steeped in legend but this salty business success story is no myth.

Santander Incubator social enterprise, Liverpool Girl Geeks, has secured £20k in Rosa funding to help them grow their programmes and…

Santander Incubator social enterprise, Liverpool Girl Geeks, has secured £20k in Rosa funding to help them grow their programmes and…

Travelstar European Ltd, one of the West Midlands’ leading coach hire companies, has moved to larger premises in Portland Street, Walsall,…

Santander’s local Business Banking team recently held a Breakthrough Masterclass at the English Whisky Company, with local East Anglian…

Where Next?