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United States : BRIDGNORTH ALUMINIUM agrees £62 million funding deal

June 9, 2014

Bridgnorth Aluminium secured a £62 million finance package to help the business drive the development, on-going operation and future expansion of its manufacturing plant in Shropshire.

The funding package from the Birmingham office of Lloyds Bank encompasses a £45 million asset-based lending facility from Lloyds Bank Commercial Finance and £17 million of term funding from Lloyds Bank Commercial Banking.

Bridgnorth Aluminium is a specialist manufacturer of aluminium coils for the food, printing and pharmaceutical industries. Earlier in 2014, it invested £41 million in its operations and made around 65 jobs.

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Source: TendersInfo (India)

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