KK Fine Foods largest expansion to date will create 90 jobs on Deeside Enterprise Zone
KK Fine Foods is creating 90 new jobs on Deeside Enterprise
Zone in its largest investment to date, with support from the Welsh
Government and Finance Wales.
The £4.2million investment is creating an additional 10,000 sq ft
of manufacturing space and funding the purchase of new equipment
that will increase capacity to produce more than £30m worth of
frozen food annually.
The funding package - which includes a £720,000 grant from the
Welsh Government’s Economic Growth Fund and a £1.2 million
mezzanine investment from Finance Wales – will be announced today
(Friday 14 November) by Economy Minister Edwina Hart during a visit
to the company.
The Minister said:
“This is a significant expansion project and I am delighted that
funding support is helping KK Fine Foods expand into new markets
and take advantage of emerging market opportunities. The Welsh
Government has supported a number of expansions at KK Foods and I
welcome this latest important investment that will create more jobs
on Deeside Enterprise Zone.
“This is also an excellent example of the Welsh Government and
Finance Wales working together to come up with a package of finance
to support growth and create jobs and illustrates clearly how
important access to finance is for business growth.”
The award-winning family business manufactures high-quality frozen
ready meals , supplying blue chip clients such as Marstons, Greene
King and JD Wetherspoon. It also supplies well-known
wholesalers like the Brakes Group and Bidvest Group.
In recent years KK has been selling frozen Christmas meals to
supermarket chains like Iceland and Aldi and growth in this market
has fuelled their expansion.
Chief Executive and founder Leyla Edwards explained:
“We’d intended to increase our capacity to over £30million in the
next three to four years to allow us to enter new markets, but the
success of our seasonal products, as well as the continued sales
growth in our existing client base, meant we’ve brought forward our
expansion plans to meet this demand.
“ Having successfully secured Welsh Government grants in the past,
we knew they would be open to backing our current plans.
“Officials introduced us to Finance Wales who structured a flexible
mezzanine loan package to help make up the rest of the capital we
required. This is our biggest investment in the business to
date and enables us to take full advantage of the growing demand
for our high-quality frozen foods.”
KK has grown consistently since it was established over 25 years
ago, with turnover reaching £18 million at the end of last
Finance Wales Investment Executive Rhodri Evans worked with the
Finance team at KK, led by Dr Graham Jackson, to structure the
Rhodri Evans said: “KK Fine Foods is a real North Wales success
story and has built up a strong reputation in food manufacturing as
well as an excellent customer base. This latest expansion will
strengthen its position as a major UK frozen food
“Our investment complemented the grant from the Welsh
Government grant and we ensured the repayment profile suited the
company’s plans and we were also able to offer an interest rate
reduction as they’re located on an Enterprise Zone.”