Delyn wraps up its expansion plans
2 June 2011
£295,000 third-round investment from Finance Wales
enabled Delyn Packaging to meet increased demand.
The debt investment, coupled with a £275,000 Welsh Assembly
Government grant, enabled the food packaging company to
relocate to new 53,000 square-feet manufacturing facilities at
Ystrad Mynach.
Finance Wales has previously invested £250,000 in Delyn and this
latest round will support its expansion plans as it increases its
blue chip client base. The company also has plans to recruit
additional staff as demand for its recyclable food packaging
continues to grow.
Mike Keenor, Managing Director explains: “Over the past three
years we’ve have focussed relentlessly on quality, customer service
and reducing the environmental impact of our packaging.
“This strategy has resulted in a number of new contracts for our
fully recyclable rPET food packaging. We’re now supplying an
increasing number of the UK’s leading food manufacturers and
retailers.”
Rachel Miles, Portfolio Monitoring Manager said: “Delyn has a
solid reputation for quality and innovation in the packaging
industry. Added to this, it’s an early adopter of new technologies
and materials that aim to reduce the environmental impact of food
packaging.
The food packaging manufacturer has an extensive plastic food
packaging range and supplies many leading UK food manufacturers and
retailers.