Close Brothers Asset Finance has funded a state-of-the art Evo XD8 flexographic printing press and finishing equipment for D&M Packaging in a CBILS (Coronavirus Business Interruption Loan Scheme) hire purchase agreement worth over £1m.
Based out of Crewe, UK, D&M Packaging was formed three years ago by its two directors, Mark Peplinski and Dave Moorcroft, who between them have many years’ experience in the flexible packaging industry.
Joe Hall, relationship manager of Close Brothers Asset Finance’s print division said: “It’s really encouraging for the print and packaging sector that firms are still investing and looking to grow and expand even during this difficult time for many.
“As a funder with a long and proud history of supporting innovation in the industry, we are delighted to be involved in D&M Packaging’s journey and look forward to working with them as they go from strength to strength.
Mark Peplinski, co-founder added: “The new cutting-edge printing press is able to print on a wide array of substrates and will open up new avenues for us. It also runs in a more sustainable way, which is important for us.
“We are really pleased to 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.”
In August 2020, we published that Close Brothers Asset Finance had funded the purchase of a new Komori Lithrone GL-29 press for RAP Spiderweb – one of Greater Manchester’s longest-established commercial printers – using the CBILS facility.
“RAP Spiderweb has been a Close Brothers Asset Finance customer for nearly 15 years,” said Joe Hall, relationship manager for Close Brothers Asset Finance’s print team.
“We’ve previously helped fund a management buy-out in 2017 and have been part of their investment plans ever since.”