Kalas Packaging Limited (“Kalas” or “the Company”), a specialist manufacturer of printed packaging for the food, horticulture and retail sectors, has secured a £520,000 debt funding package from the British Business Bank’s Midlands Engine Investment Fund II for the East and South East Midlands, managed by Maven Capital Partners.
Founded in 2009, Kalas Packaging is an accredited manufacturer delivering high-quality, short-run printed packaging. Operating from its facility in Boston, Lincolnshire, the business supports household brands including Cadbury, M&S, Morrisons, Asda, Aldi, B&M and Lidl.
The business has seen strong commercial momentum in recent years, underpinned by investment in digital print technology and increasing demand for personalised and small-batch packaging. Kalas’s ability to produce low-volume runs efficiently has enabled it to carve out a niche in the packaging market, particularly for clients seeking greater flexibility and reduced lead times.
The funding through the Midlands Engine Investment Fund II will support Kalas’s continued growth strategy, including the creation of new jobs, expansion of its customer base, and investment in scaling production to meet increasing demand across its core markets.
Jonathan Padley, managing director at Kalas Packaging, said: “From the initial application through to the legal process, our experience with Maven has been slick, efficient and refreshingly straightforward. The working capital facility they have provided is already proving invaluable as we continue to succeed in the niche markets we operate in. Without their support, our growth could easily have been constrained by the risk of overtrading.”
Richard Altoft, investment director at Maven, said: “Kalas is a great example of a well-run regional business that has carved out a strong niche through quality, speed and flexibility. The team has invested in the right areas and built a reputation as a trusted supplier to some of the UK’s biggest names. We’re delighted to support their growth journey and look forward to working with them as they scale further.”
David Tindall, senior investment manager at the British Business Bank, said: “The Midlands Engine Investment Fund II has been supporting manufacturing businesses across the whole of the Midlands since its inception. It is encouraging to see more companies like Kalas benefitting from the Fund and thriving in their respective markets. This latest investment will help the business continue to grow in order to meet increasing customer demands.”
To date, the Midlands Engine Investment Fund II – Debt Finance East and South East Midlands, has supported a broad range of businesses across the region, including technology providers, manufacturers, and specialist service firms, driving innovation, creating jobs, and stimulating regional economic growth.
