A property expansion of over 50% by Glossop Cartons, one of the UK’s leading manufacturers of carton board packaging products, is set to further improve the company’s operational efficiency and paves the way for capital investment comprising new manufacturing equipment, designed to boost its production capacity, turnaround time and flexibility.
The family firm has acquired the 2300 m2 industrial building adjacent to its existing 4143 m2 Stockport production units, supported by a six figure funding package from Lloyds Bank Commercial Banking. The acquisition will not only accommodate new machinery, but will also enable Glossop Cartons to streamline its production process and increase the size of its onsite storage facilities.
Glossop Cartons’ latest round of investment in manufacturing equipment has already begun, with the acquisition of the firm’s second Brausse Forza 900 C3 folder gluer. The new machine is the updated version of the original model and features motorised carriers.
Ultimately, the investments in property and plant will result in shorter lead times and further improved service for the firms’ customers, which span a diverse range of markets, including pharmaceutical and personal care, food and drink, vape and household.
The expansion marks the latest stage in Glossop Cartons’ ongoing strategy of investment in capital, staff and systems. Purchases of manufacturing equipment, such as that of the UK’s first Brausse Forza 900 C3 in 2018, were followed earlier this year by investment in the management team, with the appointment of a new operations director.
Joint managing director Jacky Sidebottom-Every said, ‘Glossop Cartons has ambitious growth plans for the future. The 50% expansion of our premises will generate the space necessary to help achieve these plans.’
Chris Perkins, relationship director at Lloyds Bank Commercial Banking, added: ‘Glossop Cartons has delivered impressive growth in recent years, both organically and via acquisition, and we’re proud to have been by its side throughout the process. This latest funding forms part of our plan to help Britain prosper, which has seen us commit £1.3 billion to support businesses in the North West this year.’