Printing and packaging specialist Priory Press is set to quadruple the size of its operations.
The company will also create five new jobs, when it relocates to a new factory in Conlig, following an investment of £500,000. Part of the investment was funded by Danske Bank.
Originally based in Holywood, Priory Press has many years’ experience of producing packaging for a range of sectors including prepared food, health and beauty. In recent years, they have responded to the growth of the UK and Irish food-packaging sector, developing a niche market for artisan producers from initial concept to the marketplace.
They are now embarking upon a phased move across the two facilities, which is set to be completed in May. The new factory will include a specialist preparation kitchen, along with a photo studio to allow food to be styled, cooked and photographed as part of brand development.
Additional assembly equipment, including a German carton-folding glue line and dye-cutting machine, will enhance their carton printing offering.
Mark McConville, managing associate at Priory Press said:
“We work primarily with convenience food producers in a sector which has remained fairly buoyant throughout the recession. Our job is to make the process of market entry, product development and structured growth as straightforward and economical as possible.
“We have always taken a long term and relationship-focused approach to our customers, offering smaller print runs early in their life cycle in the hope that as their business grows so too will ours.”
Mr McConville added that Danske Bank had provided their commercial mortgage and asset finance, to allow them to invest in equipment: “In the last couple of years we have developed a strategy for growth and we believe that now is the right time for our company to move to a high specification factory.”
Oonagh Murtagh, Head of Finance Centre at Danske said that Priory Press had ambitious plans and relocation into a larger facility would provide them with the resources they needed to continue to grow: “Demand within the food packaging sector has remained steady across the UK and Ireland and it is great to see Priory Press driving their business forward.
“Danske Bank has been pleased to have the opportunity to support this major investment.”