Say cheese with bank backing.
A CHEESE processing company has secured financing to revamp its Gwynedd headquarters.
GRH Food Co Ltd received the backing of HSBC Commercial Banking in Wales this week, allowing the business to redesign its factory space and in turn increase the production capacity by 60%.
The Pwllheli-based firm, which was established in 1989, produces cheese for food service suppliers and industrial manufacturers.
A strong champion of Welsh agricultural heritage, the business sources 50% of its produce from Welsh farmers with the majority of the rest coming from across the UK.
Sales are predominantly focused on the UK market, but the company also has customers in Ireland, mainland Europe and the Middle East.
The factory currently employs 30 people.
Iwan Jones, HSBC Regional Commercial Director for Wales, told Business Post: "HSBC has a long-standing relationship with GRH Food, and we're delighted to continue our support of the business in its latest phase of growth, which sees it maximise production efficiency at its existing factory premises. "In a challenging economic environment, it is important for all companies to make sure each element of their business is as efficient as possible.
"GRH Food is a great example of a business that is taking an innovative approach, redesigning its factory space to ensure continued growth."
Mr Jones added: "We are keen to support other strong businesses from all sectors across Wales with their growth plans."
GRH Food's new state of the art production plant incorporates a fully automated grating line and a bespoke packing hall, making it one of the few cheese plants that is able to produce grated, diced and sliced cut block cheese in one place.
Andrew Hockridge, Managing Director at GRH Food, said the package would enhance the firm and help it build for the future in North Wales.
He added: "The redesign of our factory has already achieved incredible efficiency gains for the business. The finance that HSBC supplied has allowed us to diversify our product offer.
"This means we have been able to expand our customer base by targeting different types of businesses whilst still operating from our Gwynedd site."
GRH Foods specialises in supplying cheddar, mozzarella and territorial cheese to the industrial, wholesale and food service organisations throughout the UK.
* Is your business expanding? Are you taking on new staff or working on an exciting new deal or project? E-mail martin.
From left to right are HSBC's Iwan Jones, Nigel Kay, Gareth Williams and Nigel Davies
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|Publication:||Daily Post (Liverpool, England)|
|Article Type:||Company overview|
|Date:||Oct 28, 2010|
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