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Manufacturer secures 3 million euro funding from Barclays

03 Oct 2012 14:25 GMT

The UK’s largest independent manufacturer of packaging solutions has secured asset finance funding from Barclays to purchase new machinery.

Derbyshire-based Skymark Packaging International Limited, who produce a variety of packaging products primarily for the food, medical, textile and construction markets, has secured the 3 million euro funding to purchase a bespoke machine which will enable the business to expand its product range further.

The business operates from two sites; a 3.85 acre plant in Ilkeston and a 7 acre plant in Scunthorpe and employs 150 staff. Established in 1987, the business manufactures a range of films, plain and printed bags and polyethylene back sheets.

Paul Glover, Technical Director of Skymark Packaging International Limited said: “Investment in new technologies and the continued expansion of our product offering has been part of our growth strategy since the business began. Making investment during a difficult economic climate can be daunting, but if you have done your homework and the market’s there for your products, then it’s the right strategy for your business and it’s this approach that has enabled us to maintain our competitive advantage.”

Carl Radd, Relationship Director at Barclays said: “Skymark Packaging International Limited is a longstanding client of ours with a relationship spanning 25 years. During this time we have supported the business with their ambitious growth plans and their latest investment in technology will ensure the business continues to grow and maintains its competitive edge. This transaction demonstrates Barclays appetite to support the manufacturing industry.”


About Barclays

Barclays is a major global financial services provider engaged in personal banking, credit cards, corporate and investment banking and wealth and investment management with an extensive international presence in Europe, the Americas, Africa and Asia. Barclays’ purpose is to help people achieve their ambitions – in the right way.

With over 300 years of history and expertise in banking, Barclays operates in over 50 countries and employs approximately 140,000 people. Barclays moves, lends, invests and protects money for customers and clients worldwide.

For further information about Barclays, please visit our website www.barclays.com.