One of the UK’s leading aerosol businesses, Reabrook Limited has fast-tracked its global expansion targets following a £5.5 million Invoice Finance facility from HSBC.
The Invoice Finance facility is being used by Reabrook to provide the working capital to accelerate the company’s growth. The financial support from HSBC will enable Reabrook to focus on growing its Arrow Solutions brand in China. Arrow Solutions provides high quality, environmentally safe degreasing products to manufacturers and the rail, transport and oil and gas industry. This expansion follows the set-up of a new company, Arrow Shanghai Trading Company Limited in 2016, supported by HSBC China.
In addition, Reabrook is expanding its operations in the Middle East having recently signed a joint venture to open a manufacturing facility in Saudi Arabia. Reabrook’s growth in China and the Middle East, supported by HSBC, is expected to increase turnover by 30% in the next five years.
Reabrook will also be using the additional working capital provided by HSBC to add further products to its Nielsen brand. Nielsen specialises in cleaning and infection control products for the automotive sector. The brand is seeing continuing growth in the UK and increasing demand for its products overseas.
Tony Brealey, Managing Director at Reabrook Ltd, said, “This support from HSBC will not only help us expand our offering in China and the Middle East, but also provide an integrated banking approach with HSBC’s international offices. This increased facility also enables us to further grow our private label business working with the major retailers and brand owners.”
Roger Pratt, Area Director for Corporate Banking at HSBC, said, “HSBC continues to connect UK businesses to international opportunities and we’re thrilled to be supporting Reabrook in its global ventures. We are committed to helping businesses large and small to realise their ambitions and we look forward to seeing Reabrook fly the flag for British manufacturers overseas.”