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Vending Specialist Looks to Provide New Services Supported by Finance Wales Loan

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One of the UK’s leading suppliers of confectionery tower vending machines has secured a £150,000 loan from Finance Wales to expand the range of services it provides.

Established in 2009, Hurleys International Foods (Hurleys) will use the finance to purchase new equipment and machinery to develop its onsite confectionery bagging facilities.

The investment is expected to create ten new jobs and safeguard the 35-strong local workforce it employs at its Bedwas headquarters.

The upgrade comes after the company recently secured a major packaging contract with leading confectionery supplier Bon Bon Buddies which provides Disney branded confectionery products in the UK.  Since January this year, Hurleys has already handled over 1.5 million units for Bon Bon Buddies with future orders expected to rise to around 1.2 million units per month.

Twenty four hour shift work is now being introduced at the company to deal with the increase in demand.

Hurleys Director Robert Dent, who has worked in the vending industry for the last 12 years, is excited about expanding and developing the company’s new packaging services.

“As a leader in a niche market we’re always looking at opportunities to grow our customer base. Bon Bon Buddies is based in Blackwood and were keen to work with a local supplier.  We were able to step in and offer a high-quality service that has simplified its supply chain.

“Thanks to the loan from Finance Wales we’ve been able to invest in the new equipment we need to increase our capacity and develop our relationship with Bon Bon Buddies.  We can now process larger orders more quickly which means we can take on higher value contracts.”

Hurleys is only one of two providers of vending towers and confectionery pots for pubs, clubs and offices throughout the UK.  The vending towers typically dispense both Hurleys own-branded confectionery items alongside popular products such as Salysol nuts and Pringle crisps.

Finance Wales Senior Investment Executive, Stephen Galvin structured the deal:

“Hurleys is an ambitious Welsh business with significant future growth potential and Finance Wales’ loan has provided the management team with the funding it needs to expand the company’s core services and invest in new areas of the business.

“The company is now in a strong position.  It has now built a solid relationship with another ambitious Welsh business, the leading European confectionery business Bon Bon Buddies and continues to be a major player in the vending tower market.”

A premium snack brand, Hurleys provides large and small customers with a one-stop-shop for high-quality vending products.

The company has a strong charitable ethos, donating ten percent of the profits from its own-brand sales to the NSPCC.

Hurleys also provides customers with honesty-box business packages which raise funds for NSPCC/Childline.

For more information contact [email protected]

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The Development Bank of Wales exists to help businesses in Wales start up, strengthen and grow, by getting them the capital they need across a range of routes.

As a unique resource in Wales, we offer flexible finance to all businesses at all stages, with funds available from £1,000 to £10million.

Our teams of friendly and dedicated staff all across Wales are on hand to provide guidance on the right investment and support for your business, and can provide the local insight which we know business owners value.

We’re one of the top five institutional venture capital investors in the UK by volume, with more than £100m invested in tech businesses.

We also work alongside partner organisations like Business Wales, and offers co-investment alongside banks, crowd funders, grants, private and corporate investors and other lenders.

And we’re committed to helping Welsh businesses improve their sustainability and achieving net-zero goals, helping them to transition to Wales’ green business future.

For more information, visit the Development Bank website at www.developmentbank.wales to find out more.

 

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