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Blackburn-based Accrol Papers has secured a £15m funding package with Lloyds Bank Commercial Finance.
The family-owned soft tissue manufacturer, which ranked number 56 in Lancashire Business View’s Fab 500, has also listed in the Sunday Times Profit Track 100 for its rapid growth to date.
Managing director Majid Hussain said: “This is a period of strong growth for Accrol, as increased demand for our products has necessitated investment in machinery, premises and our workforce. We have ambitious plans for future growth for the business as well, but we want to make sure that these are implemented in a controlled and achievable way to give us the best possible chance of success."
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