Rosehill Polymers Group has finalised a multi-million-pound take care of Virgin Cash and UK Export Finance to finish a refinancing and administration buyout of the enterprise and speed up their worldwide progress ambitions.
Since 1988, Rosehill Polymers have established themselves as a market chief in sustainable polymer techniques design, growth and manufacturing at their state-of-the-art services in Sowerby Bridge, West Yorkshire.
The enterprise serves a various array of markets and industries, together with offshore power, highways, rail, sports activities & play, and safety. They purpose to offer the most effective in sustainable polymer innovation on the speedy pace wanted to assist its clients preserve tempo with the calls for of their ever-changing environments.
Rosehill export merchandise to over 550 clients in 52 international locations internationally, and plenty of of their merchandise are manufactured utilizing recycled and low carbon influence supplies which units the corporate other than their opponents.
The funding bundle from Virgin Cash will assist Rosehill to finish a administration buyout, proceed their worldwide progress and speed up the transfer into new worldwide markets. A key progress space that Rosehill will give attention to is the decarbonisation and modularisation of development supplies used inside the rail and highways sectors, by increasing its design, growth and manufacturing of merchandise based on the usage of recycled supplies as a major uncooked materials for the manufacture of key parts inside capital infrastructure initiatives.
Rosehill anticipates its continued growth inside this sector will create new extremely expert job alternatives, each throughout its manufacturing websites in West Yorkshire in addition to in its provide chain.
Virgin Cash’s Enterprise Growth and Commerce Finance groups labored carefully with UK Export Finance (UKEF) to get the deal finalised. The funding bundle features a UKEF Basic Export Facility (GEF) mortgage assure which lined 80% of the financing, enabling Virgin Cash to finish the transaction. The GEF product is a versatile government-supported scheme that helps UK export companies to entry working capital services, serving to to enhance cashflow or pace up worldwide commerce progress.
Dr Alexander Celik, managing director of Rosehill Polymers Group stated: “This new funding bundle from Virgin Cash will allow Rosehill to pursue our progress technique as we give attention to creating sustainable options for each the infrastructure and power markets throughout the globe. I want to categorical my thanks for the distinctive help and repair that Rosehill have obtained from Virgin Cash and we look ahead to an extended, profitable, and worthwhile relationship with them.”
Craig Wilson, head of FX gross sales & commerce finance at Virgin Cash stated: “Rosehill Polymers are an progressive enterprise with an extremely broad attain. It has been implausible to see our worldwide commerce finance specialists and enterprise growth colleagues working alongside UK Export Finance to ship a very bespoke and progressive banking bundle for the Rosehill workforce. At Virgin Cash we purpose to make sure companies have entry to key specialists that may add worth on the proper time, and by bringing collectively the talents of all three events concerned we’ve delivered a successful bundle for the shopper.”
Alissia Deane, export finance supervisor for West Yorkshire, added: “UKEF exists to assist companies nationwide win and ship export contracts, providing free, neutral recommendation via its regional Export Finance Managers. It’s nice information that our GEF assure has enabled Virgin Cash to subject this funding bundle to Rosehill Polymers, supporting the worldwide progress of an progressive enterprise.”