Scottish manufacturer announces international expansion with Barclays support

Scottish agriculture-feed manufacturer, Galloway and MacLeod, has expanded operations to five new overseas markets after receiving operational support from Barclays Corporate Banking.

Galloway and MacLeod now supplies customers across the UK and Europe, including Ireland, France, Belgium, Germany and Sweden with quality agriculture feed supplies, which has resulted in an estimated £3m increase in turnover (16 percent) in the last 12 months.

The South Lanarkshire based business, which has been operating for over a century, is currently owned by the majority of its employees who are directly benefiting from the new business and banking structure.

Donald Harvey, managing director of Galloway and MacLeod, commented: “As our business continues to drive ongoing product development, there is a growing need to mobilise our banking solutions to ensure a maximum return on overseas expansion.

“Barclays has provided us with proactive advice, which has been pivotal in our decision to work with the bank to support our existing UK operations and expansion into overseas markets.

“The success of our new banking operations has meant our staff are directly benefiting from our expansion, and the legacy of our business has been secured for years to come.”

Jamie Grant, managing director of Barclays Corporate Banking in Scotland, added: “Galloway and MacLeod is a strong example of a Scottish business looking to expand its operations to reach a growing overseas customer base.

“Our knowledge and experience in the sector has married business advice with a relationship-driven banking operation, proving the perfect mix to help feed Galloway and MacLeod’s growth and expansion plans.”

By Matthew Neville – Senior Correspondent, Bdaily

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