Arbroath jam maker Mackays expands with bank loan
Scottish marmalade maker Mackays is to expand its business in both domestic and international markets after securing a seven-figure bank loan.
The Arbroath-based firm said the funding from HSBC would help it build brands in existing markets as well as enter new territories.
The company currently exports to 50 countries, which accounts for about 50% of its annual turnover.
Last year Mackays reported overall turnover of £11m.
The family-run business produces marmalades, preserves, curds, chutneys and relishes.
Managing director Paul Grant said: "We currently have 100 overseas customers in 50 countries around the world and are continuing to experience rapid international growth.
"We've identified opportunities to both build brand awareness in these markets, as well as introduce the Mackays and Mrs Bridges brands to new and existing international markets.
"The funding offered by HSBC is vital in helping us develop these business opportunities and it's extremely encouraging to have the support of a bank with such a strong global presence."