GE Capital providesd a £10.75m Asset Based Lending facility to Reflex Group
£10.75m financing package for the UK's fastest growing label manufacturer
London, 05 September 2012: GE Capital today announces that it has provided a £10.75m Asset Based Lending (ABL) facility to Reflex Group, a leading manufacturer of product labels, to support the company with its future growth ambitions.
Reflex Group, which has bases in Mansfield, Leeds, Newcastle, Boston, Leicester and Telford manufactures labels and flexible packaging for a number of branded and supermarket products. The company has a strong focus on eco-packaging and is the fastest growing label manufacturer in the UK.
GE Capital will provide Reflex Group with a flexible financing facility that will give the company access to working capital to support its continued growth.
Barry Lee, Regional Director, GE Capital UK, commented: "We're delighted to be working with Reflex Group. As a fast-growth business, the team needs a package that allows it to take advantage of potential opportunities. The deal we have agreed will provide a flexible finance package that will allow the company to grow and develop their business further and faster."
Ian Kendall, Managing Director, Reflex Group, added: "GE Capital has been able to provide us with the right financing facility to support our future growth plans. From the outset, we were impressed with their consultative approach and ability to provide a tailored package that fitted our needs as a company. In addition, their strong brand and financial stability gave us complete confidence in choosing them as a partner."
Zoe Chambers Michael Goodbody
[email protected]
GE Capital EMEA
[email protected]
+44-207-302-6269
+44-7899-808-239
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