A Staffordshire pallet supplier has secured more than £2 million investment as part of plans to double its capacity.
Sustainable transit packaging firm PPS Equipment Holdings, based in Uttoxeter, has been awarded £2.25 million from national investor Frontier Development Capital.
Established in 2002, PPS provides reusable, returnable and recycled transit packaging such as trays, crates, pallets and boxes to the fish and meat processing sector, offering customers cost effective, environmentally friendly alternatives to single-use packaging.
The financial backing from Frontier Development Capital will help PPS almost double its capacity through new machinery and investment into automation.
It also wants to create 24 new jobs at its production facility on Marchington Industrial Estate.
David Peggie, founder of PPS Equipment Holdings, said: "Sustainability has been at the heart of our business model since 2002 and has become increasingly important for our customers.
"Our returnable transit packaging solutions not only minimise waste and reduce carbon in customers' operations, but drive further efficiencies across their supply chain, which is even more critical in the current climate.
"With the help of the additional capital, we'll be able to unlock further capacity in our production and recruit more people to meet rising demand for our services. We look forward to this next exciting chapter."
Ondrej Okeke, investment director at Frontier Development Capital, said: "Frontier Development Capital prides itself on supporting innovative and ambitious businesses like PPS Equipment Holdings that are delivering positive and environmentally sustainable solutions to the industries they serve.
"Our investment has come at a pivotal time when more and more industries are looking to push the ESG (environmental, social and governance) agenda forward while seeking means to boost operational efficiency.
"With a clear purpose to support sustainable business practices, we look forward to supporting PPS to seize new growth opportunities."
