Scunthorpe based corrugated sheet manufacturer CorrBoard UK Limited has received a £12m funding package from a US banking giant Wells Fargo. A transaction that was sourced and advised by Sheffield deal-making firm Castle Square Corporate Finance.
The company is on track to achieve a turnover approaching £40m, which operates from its state of the art production facilities.
Kevan Shaw of Castle Square said “CorrBoard has grown significantly since its inception following the significant ongoing investment initially from its shareholders. We are delighted to have sourced the funding and advised on this transaction, which provides the company the funding to take sales and operations to the next level.”
Press release to follow