– Electrochemical manufacturer Electrolube,
a division of HK Wentworth Ltd.
, has received £1.1million in additional funding from Fortis
, a large European financial institution.
Fortis provided the funds worth to HK Wentworth following the development of a five-year business plan, and has to date invested £2 million into the group.
The initial affiliation will run for two years, with the possibility of extension. Fortis’ investment is set to impact Electrolube’s international sales, technical support and research and development capability.