UK printed packaging manufacturer Kalas Packaging has secured £520,000 in debt funding from the Midlands Engine Investment Fund II.
The funding was provided through a programme backed by the British Business Bank and managed by Maven Capital Partners. The Midlands Engine Investment Fund II supports small and medium sized businesses in the East and South East Midlands of England.
Jonathan Padley, managing director at Kalas Packaging, said: “From the initial application through to the legal process, our experience with Maven has been slick, efficient and refreshingly straightforward.
“The working capital facility they have provided is already proving invaluable as we continue to succeed in the niche markets we operate in. Without their support, our growth could easily have been constrained by the risk of overtrading.”
‘Niche through quality’
Richard Altoft, investment director at Maven, said: “Kalas is a great example of a well-run regional business that has carved out a strong niche through quality, speed and flexibility. The team has invested in the right areas and built a reputation as a trusted supplier to some of the UK’s biggest names. We’re delighted to support their growth journey and look forward to working with them as they scale further.”
Founded in 2009, Kalas Packaging manufactures printed packaging for the food, horticulture and retail sectors. Operating from its facility in Boston, Lincolnshire, the business supplies packaging to household brands including Cadbury, M&S, Morrisons, Asda, Aldi, B&M and Lidl.
The business specialises in short run printed packaging and has invested in digital print technology in recent years. This has enabled it to supply low volume orders and respond to demand for personalised packaging formats and shorter lead times.
Kalas Packaging said the funding would be used to support planned growth, including increased production capacity, workforce expansion and wider customer reach.
The Midlands Engine Investment Fund II debt finance programme has supported businesses across manufacturing, technology and specialist services in the region.
