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March 15, 2021

Close Brothers Asset Finance funds printer through a CBILS HP facility

By Alejandro Gonzalez

Close Brothers Asset Finance has funded a 22’’ Nilpeter FA-Line 8 colour flexographic press – along with finishing, rewinding and camera verification equipment – for MP+H Packaging in a CBILS (Coronavirus Business Interruption Loan Scheme) hire purchase agreement.

Manchester-based MP+H Packaging supplies and manufactures printed flexible packaging and labels, including sachets, pouches, flow wrap, top and base web constructions for the pharmaceutical, medical, nutraceutical, veterinary, healthcare, and health & beauty sectors.

Joe Hall, relationship manager of Close Brothers Asset Finance’s print division said: “As medical packaging specialists, this new equipment – used to manufacture high-quality products suitable for medical applications – will help MP+H Packaging keep up with production pressure, while also making them more efficient.

“As a long-term funder of the print and packaging sector, it’s always really encouraging to play a part in a company’s growth and subsequent success, and we are delighted to be involved in MP+H Packaging’s journey and look forward to work with them as they go from strength to strength.”

Marc Bradley, managing director, MP+H Packaging, said: “The addition of our latest Nilpeter press ensures that we as a company further continue to support our business sectors with the very latest print technology available.

“The new web width takes us into new packaging formats and complements our existing and future client base in their growth patterns, into wider and faster packaging machines and formats.

The press gives us further optimisation to our current Nilpeter lines in ‘pure’ efficiency. 

“It was a completely different way to buy a press in the current climate (Zoom meetings and sign off, with an installation factory acceptance test) and we had every confidence in the delivery of our requests for this capital expenditure.

“We are really pleased to again have Close Brothers Asset Finance on board as our funder because, with their background in print and packaging, they are able to adopt a partnership approach, providing bespoke deals that are right for us.”

Nick Hughes, managing director, Nilpeter Ltd: “The press is designed to accommodate the printer’s ever-growing needs and is built around the modern printing operator, with an intuitive user interface and fully mobile print controls.”

Pictured above: Marc Bradley, left, and Darren Kaye of MP+H Packaging

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