IW Capital Leads £10 million Round of Investment for Transcend Packaging
Summary
Transcend utilises state of the art digital printing and specialty coating technology allowing paper straws, cups, and food containers to fully replace their plastic counterparts. The Company believes that recent events have shown the importance of having locally sourced supply chains that comply with legislation to keep our food and drinks safe.Since its inception, Transcend has been focused on identifying product categories where single-use plastic can be replaced with more sustainable options. The Company plans to recruit more talent and develop additional products to help its high street clients on the path to a more sustainable world.While some investors have paused activities due to Covid-19, the underlying quality of businesses and investment opportunities will always be the most important thing. This is exactly what we have seen with Transcend; we had huge demand from our investor base to support a business with such a clear growth trajectory that is also helping to combat environmental issues moving forward. We are incredibly excited to be able to support such a great company with a brilliant management team already in place.This investment announcement has been welcomed by the media, and has been covered in many prominent business and packaging titles, such as Private Equity Wire, Business Live and Packaging News.To find out more about IW Capital, or for more information on investment and non-executive opportunities, please speak to a member of the IW Capital team today on 020 7015 2250, or email info@iwcapital.co.uk