Robin Appel expands production with six-figure loan from HSB
Robin Appel, a Hampshire-based grain merchant, expanded his production facilities with a six-figure loan from HSBC UK.
The equipment finance facility allows the independent company to expand its production capacity to include an oat processing line at its Shepton Mallet plant, to meet the growing demand for oat products.
Tom Wood, Commercial Director of Robin Appel Ltd, said: “It’s no secret that the demand for dairy substitutes such as oat milk has skyrocketed in recent years – sales of plant-based milks in the UK. United jumped 16% to £ 278million last year, according to Nielsen data. This includes oat milk sales, which more than doubled to £ 73million.
“As an established grain merchant, this has given us a great opportunity to diversify our business. By working with HSBC UK’s equipment finance team, we were able to purchase the right equipment to take our business to the next level. This has allowed us to add value to the raw materials and also provide producers with additional market options for their oats.
Simon France, Deputy Corporate Equipment Finance Director for HSBC UK Equipment Finance, added: “The Robin Appel team spotted an opportunity for their business to grow at an opportune time. It has been fantastic allowing them to grow and develop in a booming market and we look forward to being a part of their business success.