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£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.'

 

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