Sauflon Pharmaceuticals, a UK manufacturer of contact lenses and aftercare products, has negotiated a £55m borrowing facility with Barclays and RBS.
The two banks restructured existing borrowings from other financial institutions to provide the five year facility to support Saulfon’s growth. The move will enable the Twickenham-based company to expand its manufacturing facility in Budapest, Hungary, which operates alongside its two UK plants in Hampshire and Kent. John Maynard, group finance director at, Sauflon Pharmaceuticals, said…
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