Barclays has further extended banking facilities by £5m to DCS Europe – the UK market leader of sales and distribution of health, beauty and household brands.
The new and innovatively structured facilities will support the continued expansion of the Group.
DCS is the official UK distributor for Procter & Gamble, Unilever, Colgate and many more. The company’s own brand ‘Enliven’, which consists of a range of 75 products, is produced in their new factory as well as the manufacturing of a number of own-label products on behalf of retailers such as Superdrug, Next and Wilkinsons.
Commenting on the deal, CEO of DCS Europe, Denys Shortt said: “We moved our banking facilities to Barclays back in October last year when they put in place a £19 million funding package to support our Group’s ambitious growth plans. We are continuing to grow the business further following investment in our facility in Stratford last year and we will continue to develop all areas of the business to create jobs and growth.”
Jim Quantrill, Retail and Wholesale Relationship Director for Barclays Corporate Banking in the Midlands said: “DCS is a terrific local success story that is well placed for the future, with a highly respected management team and clear strategic growth plans. I am pleased that we are able to extend our facilities to support them with their latest expansion plan.”