Delyn wraps up expansion following investment

29th March 2011

South Wales-based food packaging manufacturer, Delyn Packaging Ltd, has its future expansion all wrapped up with a £275,000 grant from the Welsh Assembly Government and a third-round investment of £295,000 from Finance Wales.

Delyn supplies an extensive range of plastic food packaging and the investment has enabled Delyn to relocate to new 53,000 square-feet manufacturing facilities at Ystrad Mynach.

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.”

Commenting on the investment Keenor added: “The investment has enabled us to accelerate our growth plans through acquisition and we’ve also relocated to larger manufacturing facilities. We also intend to use the investment to purchase new capital and office equipment to meet the increased demand.”

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.

“Finance Wales has previously invested £250,000 in Delyn and this latest investment will support Delyn’s ambitious expansion plans as it increases its blue chip client base further.”

The company also has plans to recruit additional staff as demand for its recyclable food packaging continues to grow.

Welcoming the news, Ieuan Wyn Jones, Minister for the Economy and Transport, congratulated the company on its expansion.

“It’s always good to see Welsh companies expanding and winning new business, particularly under challenging economic conditions and that support from the Welsh Assembly Government and Finance Wales has helped facilitate their expansion plans.

“The company’s green credentials support the Welsh Assembly Government’s strategy to reduce waste and increase recycling targets. It is also helping them secure new contracts and develop a sustainable business.”