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Recycler secures £20 million growth deal
['Bdaily Business News', 'Published By']
Bdaily
Recycler secures £20 million growth dealA South Yorkshire recycling business is set to accelerate its growth after securing a funding boost.
CF Booth, based in Rotherham, has secured a £20 million asset-based lending facility from Independent Growth Finance (IGF) to support its expansion plans.
Bosses say the cash is expected to help strengthen operations and performance while providing capacity for continued investment.
Christopher Woodcock, finance director at CF Booth, said: “With IGF’s support we have the working capital we need to accelerate our growth and enhance our operational performance.
Advisory firm Interpath supported CF Booth on the deal.