Finance Birmingham supported Coventry Chemicals Ltd with £1.75m funding to invest in innovation, new machinery and improved materials to help meet the demands of a fast moving sector. The deal hoped to help create 10 new jobs and secure 140 more at their Coventry based plant as well as see them consider international expansion.
Coventry Chemicals Ltd is a manufacturer and supplier of cleaning products to the professional, retail and healthcare sectors. The business manufactures and supplies a number of its own brand cleaning and health care products on an international basis and it develops and supplies products for many customers’ own brands.
Steve Quinlan, Managing Director, Coventry Chemicals, said:
“The Mezzanine Fund’s support has enabled us to secure the future of Coventry Chemicals and take forward plans for international expansion and growth in the UK. The team has worked closely with us to build a package that will allow us to develop innovative new products and capture the growth opportunities that these will bring.”
“We are committed and proud to be a West Midlands based firm and are looking forward to building our team and growing further here - in the UK’s manufacturing heartland.”