Finance via the issue of NKr140m of new shares and a subordinated loan of NKr37.5m will be used to build a second factory in Belgium, scheduled to be operational by 2017.
The company said the investment follows many years of strong growth, with demand for Kebony about to exceed current production capacity at its facility in Vold, Norway.
“Kebony has seen sales increase by an average of 35% over the last seven years internationally,” said Christian Jebsen, CEO of Kebony.
“Securing new investment enables Kebony to increase capacity and accelerate growth in line with demand and open new market opportunities.”
