Naylor Concrete lands £6 million from HSBC UK to expand plant
What's the deal? Naylor Concrete Products has secured a £6 million debt funding package from HSBC UKDealroom has a profile for this one. Try Dealroom → to modernise its concrete fencing plant in Garforth. The Barnsley-headquartered manufacturer will use the money to increase production capacity.
Where it goes: The investment funds a new automated pre-casting and batching plant, supplying a factory that makes concrete fenceposts and gravel boards for UK customers.
By the numbers: The expansion is expected to create 10 jobs, alongside a training programme for existing staff. The company anticipates a £5 million increase in turnover over the next 12 months.
The backstory: Naylor Concrete has made concrete lintels for more than 50 years and moved into fencing after acquiring Garforth-based Procter Fencing in 2020. It forms part of the £80 million Naylor Group, which runs six UK factories making concrete products, pipes, and plastic extrusions.
What they said: "This latest investment is a key milestone for Naylor; it will drive a planned period of growth in our concrete products business," said Edward Naylor, executive chairman of the Naylor Group.
The signal: The deal shows bank debt still underpinning growth for established UK manufacturers, even as newer entrants chase equity to decarbonise the cement sector.
Read more: bdaily.co.uk
Image credit: Armcon Precast
