Ultimate Packaging to invest again after million-pound boost

The Grimsby-based firm produces printed bags and wrapping films for the food industry and counts Asda among its customer base.

The money will help the firm further invest in its 5,500sqm facility located on the greenfield Europarc site on the edge of the town.

Finance director Jeremy Hodson said: “This new funding will allow us to invest in the top of the range printing technology and meet the increasing demands of large retailers in terms of flexibility, range and speed.”

Barclays Commercial in Humberside provided the funding as a European investment loan that attracts cash back on a percentage of the loan drawn and is designed to help businesses in the current economic environment.

Barclays relationship director Barry Haslam said: “It’s good to see a business in the food industry bucking the trend and I look forward to seeing the company go from strength to strength.”

Ultimate has invested more than £16m since 2000 and recorded year-on-year growth. The Grimsby facility is among the most hygienic in the UK and has been specifically designed to meet the food industry’s exacting requirements.

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