THE Aim-quoted owner of venerable Scottish jam maker R&W Scott has secured its financing for a further five years in a £50 million deal with Pittsburgh-based PNC Financial Services.
Liverpool-based the Real Good Food Company said the deal was a £10m increase on its existing loan package with the same firm.
Executive chairman Pieter Totté said the facilities provided the financing the company needs to deliver its ambitions.
It has been operating Carluke-based R&W Scott as a standalone unit since April, after initially including the 132-year-old business in its ingredients arm, Renshaw. It is now expanding its range of jams and emphasising its heritage as part of a plan to double turnover to £25m.