UK-based Salford Valve Company Ltd (Salvalco) has raised £2.5 million in its latest investment round. The funds come from a consortium of six companies, including Beiersdorf, Foresight Williams Technology, AWI, Fin.Esse, Growthdeck and Green Angel Syndicate (GAS).
Salvalco, which was founded in 2013, is responsible for creating the environmentally friendly aerosol technology, Eco-Valve. These funds will be used to expand manufacturing capacity at Salvalco’s plant in Thailand. Investments will also be made in R&D operations and to further develop the patent portfolio.
“We are delighted to have secured further funding from such a large consortium of companies. The collaboration will play an integral role in assisting in the next phase of our growth journey as we see demand for Eco-Valve continue to increase,” says Peter Shaw, Salvalco’s CEO.
With global demand for aerosols expected to continue to increase with a 25% growth forecast over the next four years, Salvalco anticipates that more consumer goods companies will switch to its eco-valve.
