Zenith Hygiene secures £13.9m banking facility
Zenith Hygiene Group, the UK's largest independent manufacturer of cleaning and hygiene chemicals, has secured a £13.9m banking facility from Santander Corporate & Commercial.
The new funding package provides Zenith with a long-term banking facility to support the growth of the business in the UK and internationally.
For two decades, Zenith has been a major supplier to a number of care homes, hospitals, food producers, hotels, bars and national restaurant chains.
The company has grown rapidly, consistently delivering positive growth in revenues over the last five years and significantly outperforming its sector peers.
As a result, Zenith was named one of the '1,000 Companies to Inspire Britain' in a report issued by the London Stock Exchange in February.
Ringo Francis, CEO of Zenith Hygiene Group, said: 'This new funding package demonstrates confidence in Zenith as a 'growth business' and allows us to have the right facilities in place for our future development. The last 12 months have been particularly exciting with Zenith launching export activities in Europe, Africa and the Middle East, and expanding domestically, as highlighted by our recent acquisition of Rose Hygiene Products.'
Martyn Dawson, Relationship Director, Santander Corporate & Commercial said: 'Zenith is an excellent example of a British business which has become very successful while operating in a competitive market. The business has a clear growth strategy and ambitious management team which is reflected by the expansion of its geographical reach, acquisition strategy and offering to customers.'
Note: News bulletin content has been provided by a third-party and is not the opinion of Santander.
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