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28/11/2016

Funding package for the world's third largest number plate manufacturer

28/11/2016

Funding package for the world's third largest number plate manufacturer

Funding package for the world’s third largest number plate manufacturer
Growth capital supporting the continued expansion of the group following its recent acquisition of France’s top registration plate manufacturer
Collaboration of investments from Finance Birmingham, Birmingham City Council, NatWest Corporate and Commercial Finance and RBS Invoice Finance

Hills Numberplates will use the investment funding to support its continued growth following the company’s recent acquisition of Faab Fabricauto, France’s leading number plate manufacturer. The acquisition is enabling the company to develop further geographical markets and maximise production efficiency. Hills Group is the world’s third largest number plate manufacturer and has more than 80 years’ experience providing products to national and international clients including Honda, Fiat, Ford and Toyota. The group currently employs more than 200 staff and produces more than nineteen million plates each year.

Richard Taffinder, Managing Director of Hills Numberplates, said: 
“We are a business built on excellent customer service and a strong vision and this funding will help us to accelerate our growth. By completing our acquisition of Faab Fabricauto and having the funds to invest in our products, we can now expand our offering for our customers and create a greater international footprint.”

Freeths LLP, Mazars, Irwin Mitchell and Pinsent Masons all advised on the deal.