Aldermore has provided a property loan to Polyglobal Ltd for the acquisition of another trading business, B.V.A. Tools & Plastics Limited, a tool manufacturer that is also based in Wakefield and is a specialist in the plastics injection moulding industry.
The acquisition took place earlier this year and will allow Polyglobal Ltd to enhance manufacturing processes, whilst reducing costs and crucially allows expansion into new markets and targeted customers.
Polyglobal Ltd is a longstanding Aldermore customer and has been with the bank since 2015. Aldermore has backed their growth plans using our specialist finance teams and products.
A polyurethane manufacturer, Polyglobal Ltd was founded in 1985 in Wakefield, West Yorkshire. Polyurethane is one of the most commonly used engineering plastics in injection and cast moulding due to its overall mechanical performance and versatility.
Michael Graham, senior lending manager at Aldermore, said: “We’re delighted to continue to support Polyglobal Ltd and further strengthen our relationship with them as a long-standing client.
“The acquisition is an exciting time for Polyglobal Ltd, and with our knowledge of the business and our expertise in this area, we were able to work together with Jordan and his funding advisors, to deliver a finance package that helps bring their vision to life. We look forward to continuing to work with Polyglobal Ltd as they go from strength to strength.”
Jordan Cook at Polyglobal Ltd added: “Teaming up with Aldermore once again has enabled us to make this acquisition that will benefit our employees and the community. Aldermore has consistently understood our needs and ambitions, and we’re excited to see our partnership continue to flourish.”
