JLM Global Foods

Darlington-based JLM Global Foods has secured a new financial package with Leumi ABL to support a planned expansion in the business.

Following an injection of £1million by directors of the Company, Leumi has provided a multi-asset based lending facility, consisting of invoice finance, plant and machinery finance, inventory finance and a Term Loan, with an aggregate limit of £4.37m.

It will enable major exporter JLM Global Foods to increase its manufacturing capacity, research and development capabilities and serve more customers across the world.

JLM Global Foods is a leader in the creation of “Better for You” snacks and use the team’s extensive knowledge of how to combine raw materials with an innovative low fat cooking processes to create bespoke products that meet customer specific nutritional profiles.

The supply chains, production processes and new product development resources give JLM Global Foods huge flexibility in the range of bespoke products that it can make.

The factory is BRC (British Retail Consortium) AA+ accredited and is focused on meeting the technical and quality standards required by its customers who are predominantly leading consumer brands and leading retail groups that operate across international markets.

The BRC systems and processes are designed to integrate and support both the brand and technical standards required by each customer in a seamless way. It is also accredited by the Organic Food Federation.

Daniel Moore, commercial director at JLM Global Foods said: “Our team is focused on quality, innovation, speed to market, servicing our customers’ needs and meeting the growing demand for healthier snacks.

“It’s important that we continue to develop and innovate our product range and the support of Leumi ABL will take the business to the next level, and beyond.”

Mark Thompson, director of JLM Global Foods said: “The company is already a significant exporter and has ambitious plans to expand further in global markets including the UK, Europe and America.

“Leumi ABL has shown confidence in the business, and with an additional planned investment of over £2million in state-of-the-art machinery in the coming months, the directors will ensure that the total investment package of £7.5million will continue to create jobs in Darlington and play a part in the renaissance of the town.”

JLM Global Foods was advised by Hill Dickinson.

ENDS

NEWS RELEASE: ISSUED ON BEHALF OF JLM Global Foods

CONTACT: Caroline Walker on 01325 363436

Notes to editors:

JLM Global Foods is an independently owned food business that is a global leader in the manufacturing and supply of ”Better For You” Private Label Snacks to well-known multinational brands and international supermarket groups.