Bulletin

Four D Rubber to focus on international growth and new product lines following £3.2m funding

Business Agreement, Four D Rubber to Focus on International Growth - Santander UK

Heanor-based Four D Rubber Ltd, a manufacturer of latex rubber used for the medical, retail and leisure industries, is to expand into new markets and develop new products following a £3.2m funding deal from Santander Corporate & Commercial. The firm is investing in enhanced manufacturing capabilities in the UK and Sri Lanka and accelerating its product development programme including new latex free ranges. Four D Rubber was acquired in a management buyout led by current CEO Richard Gogerty in December 2014. For 2016, the management team is focused on expanding the business significantly, particularly with regards to overseas growth and international markets. The funding from Santander will be used for a wide range of growth-focused initiatives, including a redesign of Four D Rubber's websites, international sales and customer growth from the newly strengthened UK-based sales team, and the design of new products. Richard Gogerty, CEO, Four D Rubber, said: 'Santander's understanding of the manufacturing sector and global expansion has been invaluable in helping us to turn our plans into reality.' Steve Young, Relationship Director for Santander Corporate & Commercial, said: 'Four D Rubber is an excellent example of a UK business which has developed a unique product and has subsequently carved out a niche market for itself. With Richard's impressive experience in this industry, we are confident that the business will go from strength to strength in the coming years.'

 

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?