Pack­ag­ing firm looks to ex­pand

Birmingham Post - - ADVERTISING FEATURE -

A PACK­AG­ING sup­plier has se­cured a new £8 mil­lion fund­ing deal to help it in­crease ca­pac­ity at its Black Coun­try plant by pur­chas­ing new ma­chin­ery.

West Bromwich-based Di­a­mond Box has agreed a two-part as­set fi­nance pack­age from Bibby Fi­nan­cial Ser­vices.

The busi­ness was founded in 2007 by hus­band and wife Kavi and Rani Jundu and now em­ploys more than 135 peo­ple and has an­nual turnover of more than £25 mil­lion.

The fi­nance pack­age, struc­tured by Bibby’s cor­po­rate fund­ing team, com­bines a £6 mil­lion con­fi­den­tial in­voice dis­count­ing fa­cil­ity with a £2 mil­lion lease fi­nance pack­age.

It will en­able the busi­ness to buy new ma­chin­ery that will al­low it to of­fer dou­ble sided print in one pass, which will in turn cre­ate sig­nif­i­cant ad­di­tional ca­pac­ity.

Mr Jundu said: “The plan is to con­tinue grow­ing the busi­ness. Our main aim is to pro­vide our cus­tomers a high level of de­sign­led in­no­va­tion that adds value to their or­gan­i­sa­tions, pro­vid­ing con­sis­tently high qual­ity prod­ucts sup­plied at com­pet­i­tive rates with best in mar­ket lead times.

Our pre­vi­ous fund­ing pack­age was too re­stric­tive and did not pro­vide the flex­i­bil­ity we needed to en­able us to sat­isfy in­creas­ing de­mand and stream-line ef­fi­cien­cies.”

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