Bulletin

Notts sauce maker stirs up £4m expansion

An £18m-turnover sauce manufacturer in Nottinghamshire has secured a £4m funding package from Santander to increase production and hire additional staff. Jigsaw Foods, which operates from a facility in Shirebrook, used the cash injection to build an additional production unit. It is also expanding in the US market after investing 'significantly' to establish a subsidiary in the country to support one of its key clients. Finance and operations director Nick Angus said: 'The deal in North America represents a very exciting opportunity for the firm, and the support from Santander has been instrumental to this. The funding facility will also allow us to negotiate more beneficial terms with existing suppliers – increasing profitability of the business.' Martin Brummitt, relationship director at Santander Corporate & Commercial, said: 'Jigsaw Foods has developed a clear strategy for growth, and we're delighted to be supporting this fantastic company as it expands further.'

 

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

Other Articles

GoJumpIn

The sky is seemingly the limit for a company which has got us all jumping with excitement as they secure a Santander funding deal to make…

Bulletin
Food and drink exporting opportunities in the UAE

Richard Cuda, Director - Strategic Banking Alliances, International, Santander UK says UK food and drink manufacturers should seriously…

Bulletin

According to DIT, of the 2.5 million businesses registered in the UK, an estimated 360,000 who have an exportable product or service…

Bulletin
GoJumpIn

The sky is seemingly the limit for a company which has got us all jumping with excitement as they secure a Santander funding deal to make…

Bulletin
Food and drink exporting opportunities in the UAE

Richard Cuda, Director - Strategic Banking Alliances, International, Santander UK says UK food and drink manufacturers should seriously…

Bulletin

According to DIT, of the 2.5 million businesses registered in the UK, an estimated 360,000 who have an exportable product or service…

Bulletin

Where Next?