Eastman Staples secures new funding

The Huddersfield-based company which was formed in 1921 and currently employs 50 people, has developed over the years from being a sewing machine manufacturer to a provider of a range of sewing, fabric spreading and cutting machines and consumable products to garment manufacturers in the UK and over 30 other countries. Based in Huddersfield, West Yorkshire, the business is well-established and employs over 50 people. The funding was secured from GE Capital which is providing an invoice discounting package which "will ensure that the company has sufficient finance in place to allow the management team to focus on strategies to increase sales and drive the business forward". Eastman managing director Colin Werb, who said the move from the company's previous lender had been problem free, went on: "Following our successful diversification over the years, our aim is to maintain a strong position so that the business can continue to focus on growth and development through the upturn. GE Capital's financing facility has helped us maintain our business focus and we look forward to a strong future ahead."