Gripple, a Sheffield-based maker of wire joining and tensioning devices, has secured an eight-figure funding package from HSBC UK to support global expansion.
The company operates across North America, Europe, India, and has recently launched operations in Japan. The international expansion is projected to increase sales by 20 per cent this year.
Funding from HSBC UK will also finance a new 40,000 sq ft warehouse in Sheffield, designed to strengthen export capabilities. Gripple plans to grow its workforce to 1,400 employees by 2028 and expects a 10 per cent increase in turnover over the next 12 months.
Irwin Mitchell advised on the refinancing, providing legal and specialist real estate support. The transaction reinforces the firm’s focus on assisting businesses in Sheffield and beyond with complex banking and finance matters.
