Envases to increase its offering and efficiency thanks to finance from RBS and Lombard


Envases to increase its offering and efficiency thanks to finance from RBS and Lombard

Envases (UK) Limited, an aluminium aerosol can manufacturer which set up its manufacturing operations in West Glamorgan in 1993, has secured a £4 million asset finance-based funding package from Royal Bank of Scotland Corporate & Institutional Banking (RBS CIB) and Lombard, the bank’s specialist asset finance arm, to invest in cutting-edge technology and continue to grow.

A fourth generation family-owned business, Envases was founded in Spain in 1948. It now has operations in the UK, Spain, France and Italy. Exclusively manufacturing aluminium monobloc containers such as aerosol cans and bottles, the business has customers in Europe, Asia and Russia across the toiletry, cosmetic, pharmaceutical and food industries. Due to strong management and long-term planning out of a policy of investing during the counter cycle, Envases has become a leading player in its market.

The £4 million asset finance facility from Lombard will help Envases purchase a new Canmatic 250 Aerosol Production Line, significantly improving the firm’s manufacturing capabilities and ensuring that it remains at the forefront of its sector. The firm has been a client of RBS since 2000, while Lombard was chosen for the asset finance facility following two previous successful deals with the business.

Ian Williams, Operations Manager of the Port Talbot facility said: “This new production line is another indication of the way we plan and invest strategically for the future. We’re excited about continuing to improve what we offer to our customers, and delighted with the bespoke funding package RBS and Lombard have developed for us to remain at the forefront of industry best practice.”

David Brown, relationship director, RBS CIB, said: “Envases is a European success story that Wales can be proud of. It’s great to be able to help the business invest for the future by purchasing this state-of-the-art production line. We have worked with the company for many years and have developed a strong working relationship with management. We are very excited about the future and look forward to working closely with Envases as it continues to grow.”

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