Bradford snack brand Seabrook Crisps has secured a £23.5 million refinancing deal to reinforce its future growth strategy.
Funding was provided by Apera Capital with Clearwater International UK advising the crisp manufacturer.
Apera said there will be more funding in the pipeline for product development, with current funds being used to upscale growth as Seabrook builds on its current successes.
Established in 1945, Seabrook supplies in excess of 20 million packets of crisps each month, meanings it is ideally positioned to rival the global brands in this category.
“With the support of Apera we have a strong opportunity to roll-out our growth strategy. This will allow us to further develop our brand in the UK and internationally whilst continuing to provide our customers with the highest quality product,” said COO Daniel Woodwards.
David Wilmot, Partner, Apera Capital, says: “Seabrook is a long-established and highly regarded brand in the UK snacking sector, with significant growth potential underpinned by strong retailer relationships and a modern and efficient production infrastructure.
“We are pleased to be backing Seabrook’s refinancing and look forward to working with the management team and LDC as the company embarks on the next stage of its growth strategy.”