Chesterfield firm lands loan to help with expansion after surge in demand
A Chesterfield company has secured a £300,000 loan to help expand after a surge in orders.
Palamatic has seen a surge in orders for its lifting and handling equipment from the pharmaceutical industry, food producers and medical manufacturers that are part of the vaccine supply chain.
The funding,secured from NPIF – Mercia Debt Finance, will give the firm working capital as it expands and create new management roles.
Palamatic was established in 1985 by Stewart and Sue Bennison, who have now been joined by their son and daughters.