A multi-million-pound deal with Virgin Money and UK Export Finance has enabled Rosehill Polymers Group, based in Sowerby Bridge, to successfully undergo a management buyout. As a result of this partnership, Rosehill can now expand its markets beyond the 550 suppliers and 52 countries it currently serves. The funding package, backed by UKEF and provided by Virgin Money, will not only support the buyout but also facilitate Rosehill’s global growth and entry into new international markets. A particular area of focus for Rosehill’s expansion is the decarbonisation and modularisation of construction materials within the rail and highways sectors. By enhancing its design, development, and production of products using recycled materials as a primary raw material, Rosehill aims to contribute to a greener future. This development is expected to generate new highly skilled job opportunities within Rosehill’s production sites in West Yorkshire and its supply chain.
The funding package includes a UKEF General Export Facility loan guarantee, covering 80% of the financing, which has allowed Virgin Money to finalize the transaction. The GEF product, supported by the government, offers flexible assistance to UK export businesses seeking working capital facilities to enhance cashflow and accelerate international trade growth.
Dr Alexander Celik, managing director of Rosehill Polymers Group, expressed gratitude towards Virgin Money for their exceptional support and service. He is confident that this funding package will empower Rosehill to pursue their growth strategy, focusing on sustainable solutions for infrastructure and energy markets worldwide. Rosehill Polymers Group, operating since 1988, has established itself as a market leader in sustainable polymer systems at its facilities in Sowerby Bridge, West Yorkshire. With a customer base of over 550 clients in 52 countries, Rosehill manufactures many of its products using recycled and low-carbon-impact materials.