Scottish chilled food supplier moves into frozen after £1.65m bank backing
FIFE Creamery, a supplier of chilled foods, has hailed a £1.65 million bank funding package to enable an extensive expansion into frozen food services.
The family-run business, headquartered in Kirkcaldy, said it “has led the way” in delivering chilled foods for more than 60 years to customers all across Scotland, from independent sandwich bars and local convenience stores to Government institutions and large store chains.
Now, with significant Royal Bank of Scotland funding, Fife Creamery has constructed a state-of-the-art frozen cold store which has allowed the firm to expand into the frozen foods market and attract a new customer base.
With a team of more than 100 staff, Fife Creamery has already noted an increase in its turnover and hopes to grow its headcount by up to 50 over the next three years.
The funding has also enabled the business to upgrade its refrigeration equipment and provided financial confidence throughout lockdown periods as business dipped due to ongoing closures of hospitality premises.
Graeme Simpson, managing director at Fife Creamery, said: “Since 1957,
Fife Creamery has led the way in delivering high-quality goods to some of Scotland’s most-loved retailers and foodservice providers.
“We are proud to support businesses and institutions the length and breadth of Scotland, and the ability to now expand our services and portfolio to new and existing customers has been warmly welcomed, with our turnover projected to increase by 30 per cent over the next six months.”
Ken Anderson, relationship director at RBS, said: “Graeme and his team are incredibly passionate about the firm, which is why they have built such a buoyant network of customers across Scotland.
“We’re really pleased to see Fife Creamery embark on a new chapter as it continues to provide a first-class service and look forward to continuing our relationship with the team.”