Swords-based Dixon International secures €1,000,000 funding to increase fleet.
Close Brothers Commercial Finance has assisted Dixon International with the purchase of 10 new Mercedes-Benz Actros 1845 trucks via a leasing arrangement.
The company also worked with the financier to release cash from unencumbered assets to complete an €800,000 buyout of Morgan International in 2013.
Adrian Madden, from Close Brothers Commercial Finance said: “Dixon International is one of the leading logistics and distribution companies in the country and their growth aspirations are admirable, especially in the current economic climate.
“This forward-thinking mindset is echoed by many other SMEs, as the findings from our own research have shown. The most recent Close Brothers Business Barometer found that the main priority for almost 22% of business owners in Ireland is to achieve growth and a further 17% said investing in equipment or assets was their number one focus.
“We plan to continue to support Dixon International for many years to come and would encourage other like-minded firms looking for financial support to consider a variety of forms of funding to fulfil their business objectives.”