P&R Labpak, a St. Helens, UK-based business which specializes in the supply of laboratory materials, has received a £300k mezzanine financing from the Merseyside Special Investment Fund (MSIF).
MSIF provided the funding through its Merseyside Loan & Equity Fund.
The company intends to use the funding to extend its service offering and penetrate new markets.
Led by managing director Nick Buxton, P&R Labpak sells a wide range of laboratory equipment, chemicals and consumables from autoclaves, balances and vacuum pumps to beakers, test tubes and test kits. The company is also the Primary distributor across the North West and Yorkshire for global leaders in laboratory supplies – VWR.
Clients include United Utilities, various industrial, food and analytical testing companies as well as local businesses Nutricia and Convatec.
The company currently employs 22 staff at its St Helens site. Current turnover is £4m and this is expected to grow to £4.5m during the next two years.
FinSMEs
09/04/2012