A UK-based warehousing and distribution group will invest £4 million to help drive growth in its food co-packing business.
Carlton Forest will use the capital to create new jobs, secure larger contracts and ensure the long-term future of its operations.
The company provides a number of services in the food and beverage industry, but one area of the business that has enjoyed significant growth in recent times is co-packing for the food industry. It secured a number of ‘major contracts’ during the recent festive season, Carlton Forest said.
Chief financial officer Kerry Neath said: “Receiving this funding will allow us to execute our long-term business vision which was to become one of the premier warehouse, distribution and logistics groups in the region. The investment comes after a period of growth that has led to increased demand from existing and new customers.
“Carlton Forest will use part of the funding to continue investment in its state-of-the-art technology, which enables real-time tracking of stock items and distribution fulfilment.”
Funding for the investment was supplied by Yorkshire Bank.
Neath continued: “Thanks to our customer base growing steadily, this additional support from Yorkshire Bank has meant we have been able to invest significantly in our facilities and the technology which help us to provide seamless, integrated warehousing services across the UK.”
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