The family businesses, which produces shortbread, biscuits and savoury cheese bites, is seeing rising demand in markets including Australia, China, Japan, the United States of America and Europe.
The funding package includes trade finance solutions and an invoice finance facility, which will support the development of increased production capacity, new customer relationships and cash flow management.
The company said it is broadening its global footprint, as consumers around the world are developing an increasing appetite for authentic Scottish treats and traditional recipes.
Last year it completed the acquisition of Duncan’s of Deeside, a fellow Scottish shortbread manufacturer based in Laurencekirk and celebrated its 50th anniversary.
Dean’s, which is situated on the edge of the Speyside whisky trail, was founded by Helen Dean in 1975 with the success of the business bring built on her original shortbread recipe.
Bill Dean, managing director of Dean’s, said: “It’s incredibly rewarding to see products that started with my mother’s shortbread recipe being enjoyed by customers all over the world. Scotland has a fantastic reputation for food and drink, and shortbread remains one of the country’s most recognisable exports, valued for its tradition and craftsmanship.”
He added: “Exports are a hugely important part of our business and represent one of our biggest opportunities for future growth and the support from Bank of Scotland will help us meet that demand while continuing to invest in our business and create jobs here in Aberdeenshire.”
Michael Thomson, relationship director at Bank of Scotland, said: “Dean’s is a fantastic Aberdeenshire success story. From Helen Dean’s kitchen in Huntly to exporting to customers around the world, the business has shown how a strong Scottish brand can succeed on the global stage.
“We’re proud to support Dean’s as it expands internationally, helping the business seize new opportunities in overseas markets while continuing to invest in its operations and people here in Scotland. It’s that ambition, resilience and commitment to quality that have helped Dean’s build a brand that resonates far beyond its home market, and we’re excited to support the business in its next chapter of growth.”
