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UK pet food manufacturers recieve £10 million funding package

Published on 26 May, 2013, Last updated at 20:38 GMT
 
UK pet food manufacturers recieve £10 million funding package

MPM Products, UK based pet food manufacturers, have secured a £10 million (USD$15 million) funding package which will enable them to develop new products and help them in their international growth and expansion.

The £10 million (USD$15 million) development capital granted by HSBC, is structured to support MPM’s international growth.

MPM Products, based in Macclesfield, UK is a company specialising in producing dog and cat food. The company saw a 56% growth last year, with revenues reaching more than £17m. MPM Products is on course to reach £24m in the current period.

Financial director at MPM, James Bracewell said "this funding package will enable us to ramp up our growth strategy and ultimately allow us to achieve our mission - to feed as many dogs and cats as we can, wherever they are."

MPM's pet food products are currently available in 33 countries across Europe, the USA and Asia Pacific.

 

 
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