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February 3, 2020

Packaging company Pitreavie invests £3.8m in Cumbernauld facility

Scottish packaging solutions company Pitreavie Group is investing £3.8m ($5m) in a new corrugated box manufacturing facility.

By Ilaria Grasso Macola

Scottish packaging solutions company Pitreavie Group is investing £3.8m ($5m) in a new corrugated box manufacturing facility.

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How attractive are current investment opportunities in Europe?

Europe has been identified as one of the most favorable regions for investors, seeing high investment activity in the past year. Most of these investments have been through Debt Offering, valued at close to $700 billion. The region has provided attractive investments in a diverse set of companies. Companies who tend to major themes such Digital Media, Cloud, Artificial Intelligence, E-commerce, and Big Data are recording the highest number of deals, with Digital Media recording close to 2,000 deals. However, GlobalData’s whitepaper offers a full view of the market, analyzing less successful or attractive points of investment as well, examining statistics on Equity Offering investments and PE/VC deals. Understand how government agencies for economies around the world use GlobalData Explorer to:  
  • Track the M&A and Capital Raising volumes into their target market
  • Identify the top sectors in the target market attracting the investments
  • For any investment segment, identify the top Investors inside and outside the target economy that are already investing in the Segment
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According to the company, the factory – which will open in March 2020 in Cumbernauld, 21 km north-east of Glasgow – will occupy over 5,300 sq m, producing more than 30 million boxes per year. The new facility will also create 35 new jobs in the next three years.

Pitreavie managing director Stephen Heslop said: “This is a pivotal moment for Pitreavie Group. A major investment in new equipment will allow the business to step up a gear and provide an even greater level of service for our customers.

“We genuinely believe we have one of the most knowledgeable, innovative and passionate teams in the industry which ensures that we can provide consistent quality to our clients.

“In the past year we have invested in our people and our businesses and we have seen them go from strength to strength – this new site further reinforces our position in the UK market as well as here in Scotland.”

Pitreavie was founded in 2010 and has become Scotland’s largest independent packaging supply company, producing packaging solutions for the food, oil and manufacturing sectors.

Related Companies

Free Report
img

How attractive are current investment opportunities in Europe?

Europe has been identified as one of the most favorable regions for investors, seeing high investment activity in the past year. Most of these investments have been through Debt Offering, valued at close to $700 billion. The region has provided attractive investments in a diverse set of companies. Companies who tend to major themes such Digital Media, Cloud, Artificial Intelligence, E-commerce, and Big Data are recording the highest number of deals, with Digital Media recording close to 2,000 deals. However, GlobalData’s whitepaper offers a full view of the market, analyzing less successful or attractive points of investment as well, examining statistics on Equity Offering investments and PE/VC deals. Understand how government agencies for economies around the world use GlobalData Explorer to:  
  • Track the M&A and Capital Raising volumes into their target market
  • Identify the top sectors in the target market attracting the investments
  • For any investment segment, identify the top Investors inside and outside the target economy that are already investing in the Segment
  • Assess and showcase the growth potential for various Industries in the target economy
Don’t miss out on key market insights that can help optimize your next investment – read the report now.
by GlobalData
Enter your details here to receive your free Report.

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