UKSE has taken a stake in Cardiff Canning to support expansion
A Cardiff company is poised to double its returns after securing an equity investment from UKSE.
Cardiff Canning has installed a second production line to make 35 million cans a year for the UK ready-to-drink (RTD) market, helping drinks brands develop and grow their products.
UKSE, a subsidiary of Tata Steel, is working closely with the company to complete a business plan that predicts a 50% increase in turnover in 2026. In three years, it is predicted that the workforce will increase from seven to 30 with an emphasis on training and upskilling in a more automated workplace.
To accommodate the new £400,000 canning line, the company moved into an adjacent unit at Freemans Park doubling its footprint, gaining valuable storage space and improving efficiency.
Cardiff Canning helps beverage brands, large and small, develop and produce through canning, blending, product development and storage.
The family business is optimistic about the future. Its managing director, Paul Miller, said: “We are delighted to be working with UKSE on what we believe will be a long and fruitful relationship.
“Choosing the right manufacturer is the most important decision a beverage company can make. We have all the facilities and knowledge to help people bring their ideas to the market, and we are proud of our approach to putting customer relationships first,” he said.
UKSE area manager in Wales Michelle Noble said; “The company has a clear focus and a strong ethos with quality and customer relationships at its heart.
“More space and more automation will allow the company to move to the next level and attract new customers. The growth potential is quite large and our new partnership is at an important stage and I believe that UKSE, with its experience in equity investment, can play an important role.”
UKSE can make equity investments in companies of up to £1m. Ms Noble said “Many businesses in Wales would benefit from an injection of capital in the form of a venture from a flexible and patient partner, who is there to support rather than control the business. We returned the management team to submit their own business plan and are very happy to discuss how we can support at any time.
UKSE has been operating in Wales for 50 years.