Suffolk-based malted ingredients company Muntons has secured an increase in its asset-based lending facilities from RBS Invoice Finance in a £53.4m deal.
The company, which has been producing malt and malted ingredients for more than 90 years, has as a result moved all its financial facilities to the Royal Bank of Scotland. The firm which employs more than 300, reported revenues of almost £122m and pre-tax profits of £7.3m for the 66 weeks to 3 January 2015. Muntons…
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