Cullompton, Devon, UK: Gregory Distribution, which runs 1,000 vehicles and 300 temperature-controlled trailers, has secured a multimillion-pound package of funding to help with its growth plans.
The family-owned firm plans to use the cash injection to acquire extra properties, increase working capital and invest in new Euro VI compliant vehicles and hydrogenated vegetable oil (HVO).
Chris Corfield, group financial director at Gregory Group, told Business Live: “This additional funding means we’ll be able to invest in various areas of the business and continue providing our customers with the highest quality service – handling, storing and distributing products in the most efficient and effective manner possible.”
International law firm Womble Bond Dickinson advised HSBC UK Bank on the funding package.
