Finance facility for Swadlincote firm

Posted on 20 Sep 2017 and read 501 times
Finance facility for Swadlincote firmReabrook (www.reabrook.co.uk) — the Swadlincote-based formulator, manufacturer and contract filler of aerosol and liquid products for private-label customers — has landed a £5.5 million invoice finance facility from HSBC to fund its global expansion plans.

This will allow Reabrook to focus on growing its Arrow Solutions brand in China. Arrow Solutions provides degreasing products to manufacturers, plus the rail, transport and oil and gas industries; the expansion follows the set-up of a new company — Arrow Shanghai Trading Co Ltd — in 2016, supported by HSBC China.

Reabrook is also expanding its operations in the Middle East, having recently signed a joint venture to open a manufacturing facility in Saudi Arabia.

The company’s growth in China and the Middle East is expected to increase its turnover by 30% in the next five years.

Reabrook’s managing director, Tony Brealey, said: “This support from HSBC will not only help us expand our offering in China and the Middle East but also provide an integrated banking approach with HSBC’s international offices.

“This increased facility also enables us to further grow our private-label business, working with the major retailers and brand owners.”

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