According to reports, Viscose Closures Limited, a Swansea, UK-based packaging manufacturer, recently received a £5m equity investment.
The round was led by Finance Wales, which invested includes £2.3m, with participation from an angel group (led by Philip Roberts). All of the shares in Viscose Sleeving were acquired from the former shareholders.
The company is using the proceeds from the investment to diversify its range of solutions and attract new domestic and international blue-chip customers.
Led by Managing Director Gareth Rowlands, Viscose specializes in pilfer-proof and tamper-evident closures and promotional sleeves serving the alcoholic and soft drinks, cosmetics and pharmaceuticals packaging markets.