Belfast-based Structured Asset-Based Lending (ABL) specialist, Upstream ABL, is backing one of Northern Ireland’s leading packaging firms as it heads into an ambitious period of growth.
Print Library, which marks its 25th anniversary this year, recently announced the arrival of industry-leading machinery at its headquarters in Newtownards, Co Down, thanks to an investment of almost £2m.
The state-of-the-art press and plate machine from Heidelberg will allow the business to double its production capacity – something the team intends to leverage in the months and years ahead with support from Upstream ABL.
Michael Thompson, co-founder at Print Library, said: “We’ve worked with the team at Upstream ABL for more than 15 years, and throughout that time, their backing has been a huge boost to the business.”
Going forward, he added, access to the structured asset-based lending facility’s flexible, revolving capital, tailored to Print Library’s liquidity needs, will underpin the team’s ambitions for continued growth.
“As we scale up and move into an exciting new phase against the backdrop of ever-growing demand from the fast-moving consumer goods (FMCG) sector, it’s reassuring to know we have access to practical support and financial backing when we need it from a strategically astute and trusted partner like Upstream ABL,” said Michael.
Upstream ABL Relationship Manager Alastair Gracey, said:
“As it marks its milestone 25th year, Print Library is already an established and successful business, one our team has worked with for more than a decade. Their future-focused outlook, excellence in their field and strong network of professional relationships mean the business’s potential for continued progress is extremely promising.”
The ongoing partnership with Print Library, which has worked with a long list of household brands across Ireland, Northern Ireland and Great Britain, including Dunnes, Tesco, M&S, Waitrose and Lidl, is one example of many successful financing arrangements for Upstream ABL, which announced £150 million in funding from London’s Pollen Street Capital early last year.
“We’re delighted to provide financial support into the future to take the company to the next level, fuelling the brand’s evolution with a bespoke funding package tailored to the company’s asset base that meets its growth-focused needs,” Alastair added.
The ongoing partnership with Print Library is just one example of many successful financing arrangements for Upstream ABL.
Based in Belfast, Upstream ABL is one of Ireland’s only independent providers of Structured ABL finance solutions, providing ambitious, asset-rich businesses across the UK and Ireland with access to the dynamic funding they need to fund new projects, acquisitions, and financial restructuring to drive growth and scale.
Established by CEO Judith Totten MBE in 2011, Upstream has already built a reputation for flexibility and agility in providing tailored funding solutions. It guarantees all businesses access to an experienced, local decision-maker who understands the importance of swift and clear feedback, coupled with guidance and direction in structuring the most appropriate funding facility for now and into the future.