JLM Global Foods Secures Multi-Million Pound Investment
In a landmark development for the UK’s healthy snacks industry, Darlington-based JLM Global Foods has sealed a significant financial package in collaboration with Leumi ABL. This strategic investment, accompanied by a £1 million infusion from the Company’s directors, has unlocked a comprehensive multi-asset based lending facility, endowing JLM Global Foods with access to a substantial £4.37 million funding.
Excitingly, with these vital resources at its disposal, the company is gearing up for an ambitious expansion and innovative ventures in the “Better for You” snacks market.
The multi-faceted lending facility extended by Leumi ABL encompasses invoice finance, plant and machinery finance, inventory finance, and a Term Loan, constituting an all-encompassing support system for JLM Global Foods’ growth initiatives.
What’s more, these diverse financial instruments will serve as catalysts, propelling the company’s manufacturing capacity to new heights and empowering its research and development teams to ideate revolutionary product offerings that cater to evolving consumer preferences worldwide.
At the heart of JLM Global Foods’ remarkable journey lies the team’s unwavering passion for fusing raw materials with ingenious low-fat cooking processes, resulting in bespoke snacks tailored to meet specific nutritional profiles. Moreover, this expertise has propelled the company to the forefront of the “Better for You” snacks sector, earning it recognition as a distinguished industry leader.
What’s even more impressive is that JLM Global Foods’ state-of-the-art manufacturing facility proudly bears the coveted BRC (British Retail Consortium) AA+ accreditation, reflecting the company’s steadfast commitment to upholding impeccable technical and quality standards.
Notably, this reputation for excellence has earned JLM Global Foods a prestigious clientele, comprising top-tier consumer brands and leading retail conglomerates operating across international markets. Additionally, the company’s certification by the Organic Food Federation underscores its dedication to sustainability and organic practices.
The commercial director at JLM Global Foods enthusiastically emphasised the company’s core values, placing utmost importance on quality, innovation, and swift response to customer needs. With the crucial backing of Leumi ABL, JLM Global Foods is poised to seize new opportunities and reach unprecedented heights.
Additionally, the director further revealed the company’s vision for expanding its footprint across global markets, with a strong focus on the United Kingdom, Europe, and the United States.
Excitingly, led by the promising financial partnership with Leumi ABL, JLM Global Foods is primed to make significant investments exceeding £2 million in state-of-the-art machinery. This technological leap will revolutionise the company’s production capabilities, enabling faster and more efficient manufacturing processes.
Additionally, the investment will fuel cutting-edge research and development, driving the creation of more and new revolutionary “Better for You” snack variants that will cater to a broader audience of health-conscious consumers.
As the company prepares to embark on this transformative phase, JLM Global Foods’ directors reaffirm their commitment to contributing to the renaissance of Darlington and the wider community. The significant investment package totaling £7.5 million will not only fuel the growth of the company but also play a pivotal role in generating job opportunities in the region, driving economic progress.
In conclusion, JLM Global Foods’ groundbreaking partnership with Leumi ABL marks a defining moment for the healthy snacks industry in the UK. With a robust financial foundation and a passion for innovation, JLM Global Foods is set to expand its reach and continue pioneering the creation of “Better for You” snacks that redefine healthy eating.
What’s more, as the company embraces the future with optimism, it remains steadfast in its commitment to delivering high-quality products that resonate with consumers seeking healthier snack options. Also, with its eyes on a global horizon and a heart firmly rooted in Darlington, JLM Global Foods is poised to make a lasting impact on the world of healthy snacking.
News Credits: County Durham food manufacturer creates local jobs amid seven-figure expansion
Things you may also like: