Bulmers Logistics has received a £10m funding package to help with ambitious expansion plans. The Teesside-based firm says the funding boost negotiated through Yorkshire Bank will help it meet a 20% yearly growth target for the next five years. Bulmers plans to add 50 vehicles - a mix of Scanias and Dafs - to its fleet this year, as well as replace many of its older lorries.
In July the firm will open a new depot near Felixtowe, creating 60 jobs. Financial director Nick Scott says: "The
£10m funding package is a complex one, and not for one particular area of the business, but will help us grow in a lot of ways. We are targeting organic growth but will not rule out acquisitions."
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