The Vacuum Pouch Company expands in Bury

The Vacuum Pouch Company expands in Bury

Vacuum packaging business, The Vacuum Pouch Company, has secured a new funding deal with Royal Bank of Scotland to support its ongoing growth strategy and major new contract wins with blue chip firms.

The family run firm has experienced great results during the last 12 months with annual turnover increasing from £4.3m to £5.3m.  This growth comes on top of a 16% rise which was recorded during the previous year’s trading.

The Vacuum Pouch Company is the UK’s largest supplier of vacuum packaging products to the food and non-food industry. The company currently imports stock from a number of overseas suppliers, selling to businesses across the UK and Ireland.

Originally founded by Chris McCormack in 1988, The Vacuum Pouch Company is now run by son Adam McCormack. The company operates from a warehouse facility in Walshaw, employing 15 members of staff.

Adam McCormack, director of The Vacuum Pouch Company said: “The business has continued to perform well over the last 12 months and we are pleased with the growth and success that we have achieved.

“We set up our own manufacturing facility last year at our headquarters in Bury. This has enabled us to increase production to meet the ever increasing demand we are facing from our customers.

“Last year we also set ourselves the target of hitting £7.5m turnover by 2018 and £10m by 2020 and with recent contracts secured with some large supermarkets and their suppliers we are very confident we can achieve this. The working capital facility from Royal Bank of Scotland will be a real support to us during this time, enabling us to focus on growth without worrying too much about the impact heightened expenses may have on cash flow.”

Gavin Elmes, senior relationship manager at The Royal Bank of Scotland said: “We have worked with Chris and Adam for a number of years now and I am pleased that we have been able to continue to support them to achieve their growth aspirations for the company.

“The business has achieved excellent results in recent years and the working capital facility will provide the firm with additional head room to continue to focus on expansion.”