New product development and further brand investment are in the pipeline at Graham’s The Family Dairy after £20million of funding support from Royal Bank of Scotland (RBS)and its asset finance arm, Lombard.
Sales at the 75-year-oldBridge of Allan-based farming and dairy business have grown by around 20% annually for the past 15 years, which has given it further confidence to diversify its offering and develop new product lines.
Managing director Robert Graham said: “We are expecting to report a turnover in excess of £82million for the year ending March 2014 and currently employ 420 people, but we don’t want to stop there.
“Provenance remains at the heart of our business strategy and we have expanded our farm base to support around 80 Scottish dairy farmers, ensuring we have sufficient quality produce.
“UK dairy product imports are higher than £2.5billion each year, so we see definite opportunities to focus on and grow the home market.”
Graham’s said the new funding allowed it to ramp up its growth plans, with a view to investing more in its cream and butter markets and develop new product ranges.
RBS regional marketing director Eddie Rintoul said:”The entire team at RBS worked very closely with the management of Graham’s The Family Dairy to deliver the refinance package.
“We look forward to continuing to support the growth aspirations of one of Scotland’s most well-known family businesses.”