Chevler has first year’s success all wrapped up
South Wales-based manufacturer of baking cases and muffin wraps, Chevler, is gearing up for international success following a number of new contract wins and increased sales.
The company, which was created following a management buy-out (MBO) in February 2009 backed by a £525,000 debt investment from Finance Wales, has secured a number of contracts with distributors and commercial bakeries in continental Europe and North America.
Sales of Chevler’s premium Meat-Saver Paper brand have increased and the company has also expanded its Cases product range by investing over £300,000 in new equipment. This expansion has also seen Chevler collaborate with a number of leading food manufacturers and commercial bakeries across the UK and Europe.
Stuart Whelan, Managing Director, said: “After securing the investment from Finance Wales and completing the MBO, we have invested significantly in our operations.
“Over the past 18 months we have bought more than seven pieces of new equipment to meet increased demand for our high-quality plain and printed paper food packaging products. Strong demand has also resulted in the company increasing its workforce by more than 30 per cent with the creation of 16 new jobs.”
James Henderson, Portfolio Executive at Finance Wales, said: “Finance Wales’ investment has enabled Chevler to move into new markets, expand its production facilities and improve its production processes. This has allowed the company to build a strong foundation from which to leverage its market-leading position. We are very pleased to be able to support the company with the MBO.”
Chevler currently manufactures over one billion baking cases a year in some 600 shapes and sizes at its two facilities in Hengoed.
Its baking cases, muffin wraps and other food packaging products are manufactured to strict food hygiene industry certified standards using high quality Scandinavian natural greaseproof paper.
Chevler is also able to do its own printing, setting the company apart from its competitors.
David Anthony, Finance Director at Chevler, added: “We have recorded a profit in our first year despite the rising costs of raw materials and the generally challenging economic climate. Overall sales have increased by seven per cent during 2009-2010 and by 15 per cent in the current financial year.
“We are now looking to increase our market share in Europe and the USA whilst ensuring we continue to deliver fast and satisfy our customers’ requirements.”
For further information from Chevler, please contact Managing Director Stuart Whelan or Finance Director David Anthony on 01443 865900.
For further information from Finance Wales, please contact Marianna Marks on 079 5869 0659.
Issued on behalf by Chevler by:
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Tel: 07707 427526