Fresh produce manufacturer Fenmarc secures £1.9m finance package
Fenmarc Produce, a fresh produce manufacturer, has purchased two new production lines, thanks to a £1.9m finance package from HSBC UK.
Fenmarc Produce, based in Cambridgeshire, is a family-owned business that develops, prepares and packs a wide range of quality vegetable and stir fry products, supplying own brand produce to many of the major supermarkets.
The HSBC UK Equipment Finance facility helped the business replace three ageing production lines with two new, modern and more efficient lines.
Hayley Wilson, Finance Director at Fenmarc Produce, said: “Our business has grown significantly in the last five years as demand for our products continues to rise. This deal has enabled us to meet this demand more efficiently by replacing our old production lines with newer technology.
“It’s our first time working with HSBC UK and the support we’ve received from the bank’s Relationship Directors, Sian Williams and Scott Ritchie, has been incredible. We look forward to continuing to work with HSBC UK as we commence the second phase of the upgrade project in the coming months.”
Simon France, Deputy Head Corporate Equipment Finance for HSBC UK Equipment Finance, added: “We’re delighted to be able to support such a forward-thinking family-owned business and enable Fenmarc Produce to grow and become more efficient.”