County Durham Glass Maker Secures £2m Santander UK Funding

County Durham Glass Maker Secures £2m Santander UK Funding

A glazing manufacturer has secured £2m funding from Santander UK to support growth following an acquisition at the end of last year.

Clayton Glass is a sealed glass unit manufacturer operating from one of the largest IGU manufacturing facilities in the UK. It is headquartered in Durham and employs more than 400 people.

The company completed the acquisition of Global Glass brand in October 2019.

The facility provided by Santander UK will enable the company to take advantage of its expanded customer base and target a 64 per cent rise in sales.

The increased facility will provide the company with the working capital capability to pursue its rapid growth forecasts following the acquisition of Global Glass and two of its manufacturing facilities in Nottinghamshire and Blackburn.

Source: Insider Media

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