Dekapak Solutions, the Rotherham-based contract packer, is set to double its production output over the next twelve months after securing a six-figure funding deal.
The funding, facilitated by the Liquidity Club and provided by the Reward Finance Group, will support growth and new product development.
Dekapak Solutions boasts a client list of blue chip clients including, Haywood & Padgett, Hancocks, Monty Bojangles, Mighty Fine and Troo Granola.
In 2015 the company moved into the production of its own brands ‘Candy Makers’ and ‘Absolutely Free From’ to satisfy increasing demand in the sugar-free and free-from sectors.
In order to support their growth and boost turnover, the company sought a working facility to fund plans to develop new products and enhance its current production facilities.
“I worked closely with Jim [Gaskell, Director Dekapak Solutions] to understand what funding the business needed and to consider what finance options would best suit his cash flow needs,” said Adam Simpson, Director of the Liquidity Club.
“Dekapak is entering a very exciting period of growth and with the support of the new working capital facility they are well placed to expand further and increase their turnover.”
Mr Gaskell said: “The funding package will allow us to focus on our core objective of growing the business and provides a great platform from which to support some exciting new product developments that are in the pipeline in the popular sugar free and health market.”