Aldermore Bank has completed a multi-million pound commercial property funding facility to support Northwood Hygiene Products in acquiring and recommissioning a major manufacturing and distribution site in Flint, North Wales.
The transaction will see Northwood bring a 98-acre site (main picture), comprising more than 650,000 sq ft of production, manufacturing and distribution space, back into immediate use as part of its wider operational expansion.
The deal is designed to strengthen Northwood’s long-term capacity, improve supply chain efficiency and increase internal storage, while delivering logistical and environmental benefits due to the site’s proximity to its Ellesmere Port facility.
Northwood also plans to recommission the site’s tissue paper machine and associated converting assets, adding up to 30,000 tonnes of recycled and pure tissue capacity to support growing customer demand and enhance resilience across its UK manufacturing footprint.
LONG-TERM VALUE
Azfar Rizvi, commercial director, commercial real estate at Aldermore Bank, says: “Northwood Hygiene Products is a fantastic example of a long-standing family business that has continued to grow through forward-thinking investment and a strong sense of purpose.
“Supporting businesses like Northwood, which play such a vital role in their local communities and the wider UK manufacturing sector, is central to our approach.
“This acquisition strengthens their operational platform and enhances capacity in a region where industrial investment creates real, long-term economic value. We’re delighted to help enable the next stage of their journey.”
STRATEGIC OPPORTUNITY
Marc Fecher, director at Northwood Hygiene Products, says: “This transaction underlines our long-term commitment to UK manufacturing and domestic supply. This site represents a major strategic opportunity for Northwood, giving us immediate access to a National Distribution Centre alongside a paper machine and converting assets that strongly align with our medium-term growth objectives.
“The ability to bring the distribution centre into operation immediately, alongside our plans for a phased recommissioning of the paper machine and production facilities, will deliver additional capacity while supporting the continued efficient growth of our organisation. This strengthens our ability to serve customers and end users reliably, efficiently, and at scale from the UK.”
RESILIENT AND AMBITIOUS
Derek Davidson, senior lending manager, commercial real estate at Aldermore Bank, adds: “Northwood is exactly the type of resilient, ambitious business we’re passionate about backing. Their commitment to reinvesting in their UK operations sets a strong example for the sector.
“Working closely with Marc and the team throughout this transaction has been a real pleasure, and it’s been impressive to see how this site will immediately strengthen their logistics and pave the way for greater manufacturing efficiency. We’re proud to support them as they move into their next phase of growth.”
