RBS asset finance subsidiary Lombard has signed a £1.6 million
(€1.9 million) deal with storage and distribution company
Grocontinental, as part of which it will finance the interior
fittings of a specialist cold storage chamber and lease out a fleet
of 20 commercial vehicles.
Whitchurch-based Grocontinental received the finance along with
a £2.5 million loan package from NatWest, providing another example
of RBS Group’s highly integrated asset finance and bank lending
strategy.
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The new Lombard-funded chamber will join several other
facilities at Grocontinental’s 25-acre site, and will store
substances such as cheese for customers including Heinz, Muller,
Dairygold and Cadbury, as well as the Irish Dairy Board.
Fred Crawley
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