Search

Jeyes secures £4.3m boost to Central Europe expansion

18:26 08 March 2011

Jeyes’ expansion into Central Europe has been boosted by a ¤5m (£4.3m) injection.

The household cleaning and hygiene products brand, which earlier this month shifted its headquarters from Thetford to Cambridge Business Park, secured the funding from RBS through its office in the Czech Republic.

The firm said the money would be used to support the development of the company’s operations in the region and increase product innovation capabilities across the group.

Jeyes employs 540 at its Kadan facility in the Czech Republic, which manufactures toilet automatics, air fresheners and insect control products.

Sam Erben, group treasurer, said: “We’re very pleased that RBS continues to support Jeyes’ exciting and ambitious development plans as a leader in cleaning and freshening spaces and places. This deal enables expansion of our business in Central Europe and supports our innovation capabilities here in the UK.”

The cash may also benefit Jeyes’ Thetford operation, which employs more than 300, which the company said last week was in line from increased investment in research and development and manufacturing.

Jim Braithwaite, relationship director of RBS Corporate’s Norwich office, added: “This [funding] will help provide a further platform for innovation and growth which remain key strategic aims of the management.”

Jeyes, which makes products including Parazone bleach and Bloo toilet cleaner, posted sales of £203.1m for the year ended August 2010, a drop of 7pc, or £15.8m, compared to the previous year, partly a result of the firm dropping loss-making lines following a strategic review under its new chief executive, Bernard Daymon. Earnings before interest, taxes, depreciation and amortisation rose £1.8m to £10.3m.

0 comments

HOT JOBS

Show Job Lists

Insight

Employers in East Anglia are paying staff more and looking at benefits packages in a bid to attract and retain staff.
Photo credit: Philip Toscano/PA Wire

If you excel at your job then now might be the time to speak to your boss about a pay rise or equally look for an upgrade in your benefits package.

                                 Managing Director of Bakers and Larners of Holt, Michael Baker, pictured at the Holt department store.

Picture: MARK BULLIMORE

Family businesses are the lifeblood of the economy, but can often be weighed down by tradition. Now a report seeks to champion the region’s oldest family firms. Business writer SABAH MEDDINGS reports.

Green 100

cover

Enjoy the Green 100
digital edition

Read

Mustard TV

Meet the Team

Mark Shields

Business Editor

|

Chris Hill

Agricultural and Farming Editor

|

Shaun Lowthorpe

Business Publishing Editor

|

Sabah Meddings

Business Writer

|

Kate Royall

Business Writer

|

Duncan Abel

Business Development Manager

Business Most Read

Awards

Norfolk Future 50 EDP Business Awards Green 100

Business Most Commented

Newsletter Sign Up