NEWS Trigger happy duo
ECO’s rapid growth plan
SUSTAINABLE packaging special- ist ECO Plastics has secured a £6m funding package that will al- low the firm to expand its opera- tions during the coming year. Existing shareholders of the Lincolnshire
business,
NEXUS Packaging has been appointed as distributor for the UK and Ireland of Opus trigger sprayers by AFA Dispensing Group. Opus trigger sprays are manufactured from 100% polyolefin plastic with no steel components and, as a result, are fully recyclable.
Nexus will be supplying Opus in a selection of Spray Stream and Spray Foam patterns, from 500ml Classics through to 1 litre Industrials and available in a selection of shapes and colours. AFA sales manager, Raymond Eberson, said of Nexus: “They have an excellent reputation in the packaging market, a wide ranging customer base and are very enthusiastic about our innovative products.”
Ludgate
Environmental Fund and Robeco SAM Private Equity, are provid- ing capital for what the company described as “short-term added- value” opportunities.
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“ECO Plastics is now ready to tackle another period of rapid growth,” said managing director Jonathan Short. “We have made huge progress over the last three years and this investment leaves us ideally positioned to continue to develop our state-of-the-art fa- cilities and to take advantage of any other expansion opportuni- ties that arise.” In addition, the company’s exist- ing debt provider, Close Brothers, has committed additional work- ing capital facilities to support growing sales revenues.
Its Hemswell site is already capable of processing 150,000 tonnes of mixed plastics a year, including some 40,000 tonnes of bottle-grade rPET pellet. The funding round is the second that ECO Plastics has embarked upon within the last 18 months, following a successful £24m in- vestment in 2011.
Those monies were used to fi- nance ECO Plastics’ Continuum joint venture with Coca-Cola En- terprises, a landmark agreement which more than doubled the UK’s rPET production. In February, the company also announced a £1.5m loan from WRAP to expand its rigid plastic sorting facilities. Short
added: “The fact that
we have been able to raise this money in what remain financially straitened times, is a testimony to our shareholders’ on-going confidence in the company and the management team’s strategy. We look forward to continuing to grow the business with them.”
Kensal teams up with KUKA
CONVEYING systems manufac- turer Kensal Handling Systems has become the first UK company to enter into a ‘Systems Partner Agreement’ with KUKA Robotics UK Ltd.
The agreement allows the Ken- HANDLING SOLUTIONS FOR:
Foods Drinks Pharmaceutical Brewing Dairy Medical Chemical Automotive
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sal sales and design teams to in- tegrate the latest robotic technol- ogies into its conveying systems in a move that is expected to en- hance productivity and cut costs. Kensal, based in Luton, has been designing and manufactur- ing stainless steel conveyors for the past 40 years, supplying a wide variety of high volume pro- duction lines to the UK food and drinks market.
Daniel Lambie, sales and mar- keting director, said: “This agree- ment reaffirms Kensal’s excel- lent reputation as high quality manufacturers and experienced integrators of whole system solu- tions.”
January-March 2013
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