Kleeneze lands £1.2 million funding


Kleeneze lands £1.2 million funding

Kleeneze Limited, a wholly-owned subsidiary of JRjr33, Inc., which trades as JRJR Networks has executed a £1.2 million ( $1.5 million ) funding agreement with the Greater Manchester Combined Authority, to finance the consolidation of its worldwide product logistics operations into a 100,000-square foot warehouse, fulfilment, distribution and office centre in Rochdale.

Kleeneze, a 94-year old direct sales organization, sells and distributes a wide range of household and beauty products through an extensive network of independent sales distributors throughout Great Britain and Europe. JRJR Networks is a market leader in global direct-to-consumer product distribution through its family of 10 businesses that operate in over 60 countries with over 70,000 sales associates around the world.

Kleeneze will use the new funding to consolidate its global logistics operations into a new facility providing an opportunity to expand its already successful business and to offer additional employment with more than 100 new jobs in Rochdale.

Michael Khatkar, Kleeneze Managing Director said, “We are very pleased to have the opportunity to make this contribution to the local economy and to offer additional employment support to the region. This new facility should enable us to drive our business further in 2017, expanding into new markets and enabling more people to engage in personal economic development. We look forward to a long and successful partnership with the GMCA.”

GMCA Lead member for Investment and Finance, Councillor Kieran Quinn said, “This investment shows that the Combined Authority has become a vital player in the commercial finance market. More and more firms are looking to us to support their growth plans and of course, we are only too happy to assist in the creation of more jobs and prosperity in the region.”

John Rochon, Jr. , Vice-Chairman and Founder of JRJR Networks said, “Kleeneze is an important member of the JRJR family of companies. We are very proud of Kleeneze’s many accomplishments and we expect that this initiative will enable Kleeneze to make a meaningful leap in development of its already successful record, expanding profitability and greatly benefitting our customers, our sales associates and our shareholders.”

Share

Twitter Facebook LinkedIn WhatsApp

Related News


Sosandar sees revenues rise

Sign up to receive our newsletter