A leading supplier of specialist animal feed and supplements for the Scottish livestock industry is boosting its capacity with support from Clydesdale Bank.
Norvite Animal Nutrition Company Ltd has used its £375,000 asset finance package from the Bank to acquire a new state-of-the-art mobile milling machine – a Buschhoff Tourmix 04 DUO, which will enhance delivery of its food products to clients in pig and poultry farming.
This kind of technology is used to mix feed for the animals of farming clients at their own premises and to their own exact requirements. The mobile service is in high demand within this sector in particular, where the continual supply of feed is critical to keep up with the constant feeding cycle of pigs and chickens.
The new purchase is expected to improve the business’ output by up to 30%, significantly increasing Norvite’s capacity to service its clients across the UK, as well as lowering business costs which were previously tied to the maintenance of older machinery.
Ed Smith, managing director at Norvite Animal Nutrition, said: “With our mobile-milling business growing and our fleet of vehicles ageing we needed to invest to maintain service levels on our farm. With only two suppliers of mobile mills in Europe, having to deliver a lorry chassis to Germany six months in advance of manufacture, each machine bespoke for every customer – not to mention then having to be re-registered in the UK - this was not your straight forward asset finance transaction.
However, Clydesdale Bank were very helpful and supportive throughout the nearly 12-month process, providing a number of finance options alongside help from the treasury department on exchange rate timings. Despite the complexities involved, we were extremely impressed with their no-fuss approach.”
Norvite Animal Nutrition Ltd has traded for over 40 years and holds a Royal Warrant from HM Queen Elizabeth II as a manufacturer of specialist animal feed and supplements. The business has two manufacturing sites and three retail units with a service offering that covers the whole of the UK. It also provides products for horses, pets, livestock and people out of three country stores.
Ian Grant, commercial relationship manager at Clydesdale Bank, said: “The Bank is committed to maintaining a flourishing agricultural industry in Scotland, in which businesses like Norvite play a major role. We’re thrilled that our support has enabled the business to scale-up its operations and wish the management team every success.”