Wycombe packaging business unwraps global growth with HSBC UK support

A Wycombe-based global food packaging business specialising in sustainable materials has expanded with multiple acquisitions following a £3.65 million funding package from HSBC UK.

The funding has allowed Nationwide Paper to deploy own funds to acquire a state-of-the-art manufacturing unit in India, with the capacity to produce three million paper bags per day, as well as acquiring a new paper cup production unit in China, with another opening in Poland later this year. Additionally, the business will open four distribution hubs across Holland, Poland and Austria.
The new overseas production and distribution hubs will help the business expand its product range. In addition, the locality of the hubs will speed up delivery times for Nationwide Paper’s European customers.

As a result of the business’s growth, Nationwide Paper anticipates a rise in turnover of 50 per cent. The company has also hired six new employees, with plans to recruit further in the near future.
Viren Thakker, Chief Financial Officer at Nationwide Paper, said: “The support from HSBC UK has played a vital role in Nationwide’s international long-term growth strategy by enabling us to diversify our product offerings to cater to a wider range of customer needs, thereby strengthening our market position.”

Amit Tomar, Relationship Manager at HSBC UK, added: “As a global bank, HSBC UK has been able to give Nationwide Paper the financial support and expert guidance needed to venture into new markets, helping the business to further solidify its position as a leading player in the food packaging industry. We look forward to seeing the business go from strength-to-strength following these acquisitions.”

Established in 1988, Nationwide Paper has grown into a national distributor of packaging for leading brands in the hospitality sector and supplies products to wholesalers, retail outlets, corporate offices, and educational institutions.