Fri, 22 May 2026 | BUSINESS NEWS
Sealprem, a construction sealing solutions company owned by Red Coast Industries, has secured a seven-figure funding package from HSBC UK. The funding will be used to accelerate the Scunthorpe-based company’s growth strategy, including M&A opportunities.
Sealprem provides sealing solutions for roofing, cladding, coldstore and façade projects. Red Coast Industries is a private equity firm focused on acquiring lower-middle-market building materials businesses, with a particular focus on the industrial roofing and cladding markets.
The funding package will provide Sealprem and Red Coast Industries with increased capital expenditure to target M&A opportunities, joint venture strategies and organic growth. Funding will also be used to develop the company’s e-commerce capabilities, bolstering its digital presence and domestic reach.
Separately, supported by Red Coast Industries, Sealprem is seeking to grow sales across the Middle East, specifically Saudi Arabia and the UAE, in an effort to serve key customers that operate cross-border between the UK and Middle East Markets.
Omar AlBanawi, director of Red Coast Industries, said: “Securing funding with HSBC UK marks an important milestone for Sealprem, as we expand our offering into a broader one-stop-shop solution for the industrial building envelope sector."
“This new banking partnership provides us with a supportive long-term funding structure, greater operational flexibility, and a relationship that is aligned with our international growth ambitions.”
Andy Gray, Relationship Manager at HSBC UK, added: “With strengthened financial footing, Sealprem will be able to continue investing in product innovation, stock availability and customer service.”
“The business is well positioned to accelerate growth across its core manufacturing business, expanding its distribution capabilities and further developing its e-commerce channel. As these offerings expand, the business is well set to serve customers more efficiently across the UK.”
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