GE Capital UK Provides ABL to Reflex Group
GE Capital announced it has provided a £10.75 million ($17.1 million) asset-based lending (ABL) facility to Reflex Group, a manufacturer of product labels, to support the company with its future growth ambitions.
Reflex Group, which has bases in Mansfield, Leeds, Newcastle, Boston, Leicester and Telford, manufactures labels and flexible packaging for a number of branded and supermarket products. The company has a strong focus on eco-packaging and is the fastest growing label manufacturer in the UK.
GE Capital will provide Reflex Group with a flexible financing facility that will give the company access to working capital to support its continued growth.
Barry Lee, regional director, GE Capital UK, commented: “We’re delighted to be working with Reflex Group. As a fast-growth business, the team needs a package that allows it to take advantage of potential opportunities. The deal we have agreed will provide a flexible finance package that will allow the company to grow and develop their business further and faster.”