UK-based packaging manufacturer Plastique has received a £5m ($8.5m) investment from Business Growth Fund (BGF), the UK government’s bank-funded initiative to support British business, UK funding website Startups has reported.
Plastique manufactures and sells thermoformed plastic pulp across a range of sectors from health to retail, and is the only thermoformed manufacturer in Europe. The investment will be used to double the size of Plastique’s production facility in Poland.
The investment is BGF’s 19th in the manufacturing sector to date. Following the investment, BGF investment director Rory Pope will join the board, along with Simple Health & Beauty Group chief executive and Orion Media chairman Geoff Percy.
– Photo courtesy of Plastique, Ltd.