The acquisition of the French manufacturer is enabling Hills Numberplates to develop further geographical markets and maximise product efficiency.
Hillls Group is currently the world’s largest number plate manufacturer, with more than 80 years experience working with clients including Honda, Fiat, Ford and Toyota.
The group currently employs over 200 staff and produces more than 19 million registration plates per year.
Richard Taffinder, Managing Director of Hills Numberplates, said: “We are a business built on excellent customer service and a strong vision and this funding will help us to accelerate our growth. By completing our acquisition of Faab Fabricauto and having the funds to invest in our products, we can now expand our offering for our customers and create a greater international footprint.”
The funding was provided by a collaboration of investments from Finance Birmingham, Birmingham City Council, NatWest Corporate and Commercial Finance and RBS Invoice Finance.
Stephen Murray, investment director at Finance Birmingham, said: “Hills Numberplates is firmly positioned as a major world number plate manufacturer.
“We have been impressed with the management team and their growth strategy and the acquisition, alongside investment, in its staff base forms an integral part of that future. We are proud to be working in partnership with such a prestigious manufacturer and look forward to seeing it realise its future potential.”
Ken Feast, business development manager at RBS Invoice Finance, said: “This investment reflects the mission of RBS Invoice Finance and NatWest for providing large scale solutions for thriving businesses looking to grow and take that next step up.
“Hills is a true example of a hungry business that is making a significant contribution to the automotive industry. As demand increases for its products it will now be able to expand, evolve and continue to deliver.”
Julie Mole, business development manager at NatWest Corporate and Commercial Finance, said: “We have built a strong relationship with Hills over a number of years and are committed to investing in and supporting its future.
“The backing doesn’t just stop with the finances as we, alongside RBS Invoice Finance, utilise our knowledge in the sector to advise businesses on the best strategies to accelerate their growth. Hills is no exception and we look forward to seeing it continue on its upward trajectory.”
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