Programme: British Business Investments
Wales-based Transcend Packaging manufactures food and beverage packaging aimed at reducing use of single-use plastic. It is the leading manufacturer of paper straws and sustainable packaging for the food service industry in the UK.
The company sought finance to buy new equipment to increase its manufacturing capacity and develop new product lines. British Business Investments delivery partner SFC Capital participated in a £7.5m fundraise originally planned prior to Covid-19 and Transcend plans to use this funding to acquire new state-of-the-art equipment to support its growth.
The funds will also enable the company to expand its operations into mainland Europe, and to continue removing plastic from packaging for the food service sector.