BOCM Pauls, the UK's biggest animal feed producer, has secured a £90m asset-based lending package from Lloyds TSB.
James Powell, BOCM Pauls' finance director, said: "In order to stay on top of this market it is essential to have sufficient financial headroom to adapt to changing prices and to have the financial resources for growth.
"We have worked with Lloyds TSB Commercial Finance for three years and this new funding package will ensure we are in a strong position to progress a number of new business and acquisition opportunities."
BOCM Pauls has a turnover of £450m and delivers about 2m tonnes of compound and blended animal feeds and other products each year, with a market share of about 20%.
James Powell, BOCM Pauls' finance director, said: "In order to stay on top of this market it is essential to have sufficient financial headroom to adapt to changing prices and to have the financial resources for growth.
"We have worked with Lloyds TSB Commercial Finance for three years and this new funding package will ensure we are in a strong position to progress a number of new business and acquisition opportunities."
BOCM Pauls has a turnover of £450m and delivers about 2m tonnes of compound and blended animal feeds and other products each year, with a market share of about 20%.
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