Credit deal sets plastics firm on investment spree

Posted on 9 May 2014 by The Manufacturer

British Polythene Industries has negotiated new credit agreements with four banks to give it renewed acquisition and investment powers.

The international plastics manufacturer has increased its banking facilities to a total of £85m, including overdrafts, £10m more than it previously had available. The new banking facilities will be used to power acquisitions as well as a wide range of capital investments at its site across the UK and abroad. Following the firm’s AGM in…

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