Powys-based Hilltop Honey has secured a £10m banking package from Santander 海角视频 to support its global expansion.
The banking package includes stock finance, foreign exchange facilities, invoice finance and term loan refinancing.
Read More:
Read More:
Founder and managing director of the Newtown-based business, Scott Davies, said: The team at Santander has demonstrated an excellent understanding of our business, creatively supporting Hilltop with their US offering, namely with Walmart and Amazon Marketplace.
"As we look to the future, we are very happy to have a banking partner who can fully support our strategic objectives."
Mr Scott founded Hilltop Honey in 2011, Since then sales have climbed to £33m and are forecast to £50m next year.
It is the second largest honey producer, by volume, in the 海角视频 and employs a staff of over 130. Since partnering with Santander 海角视频, Hilltop Honey has been introduced to various retailers in the North American region.
Most Read
These stockists include Walmart Marketplace and Amazon US through Infinity Blue. The company is part of the Santander Navigator programme, which is a subscription-based platform designed to connect businesses with over 35 markets worldwide.
Olivia Hines, relationship director at Santander 海角视频, said: "Santander is delighted to welcome Hilltop Honey as a new client."
"As a fast growing, internationally trading business, we're pleased to be able to provide a funding and banking package which will support their strategic growth objectives in new and existing markets."