Industry: Food and Drink
Product: Hire Purchase
Facility size: €220k
The client
This well-established business offers bespoke bottling, packing and labelling solutions to premium spirit companies worldwide.
As a leading innovator in the drinks industry, their state-of-the-art technology has built up a dedicated client base. They provide tailored services to support small and large drink brands in sourcing, storing, sampling, bottling and labelling.
The challenge
The business has experienced consistent growth and has secured many contracts with new clients over the last few years. As a result, production has risen substantially, requiring the purchase of a new bottling line to handle the increased volumes.
The drinks sector is highly competitive, requiring speed to take advantage of opportunities when they present themselves. Therefore, securing additional funding for new assets call for a finance provider with experience in the industry and the flexibility to manage tight deadlines.
The solution
Close Brothers Commercial Finance provided a tailored hire purchase solution of €220k for a new bottling line. This hire purchase option allows the cost of the initial investment to be spread over regular monthly payments, and at the end of the agreement, the asset will be fully owned.
Leveraging extensive industry expertise, the team at Close Brothers quickly developed a bespoke proposal. By thoroughly understanding the firm's needs, we were able to deliver a solution within a tight deadline that supported the company's broader growth plans.
