A Kelso-based manufacturer of insect repellents is set to expand into new markets following a change in ownership facilitated by HSBC UK funding.

HSBC UK provided a £600,000 funding package to support the management buyout (MBO) of Pyramid Travel Products as current Managing Director Stefan Cameron takes a majority stake in the business.

Specialising in the manufacturing of health-related travel products, Pyramid Travel Products protects outdoor enthusiasts, from adventurers to gardeners, with a particular emphasis on safety in malaria-prone and tropical regions.

The company aims to expand its online sales presence through its website and other marketplaces, shifting focus towards individual customers while maintaining their business relationships with companies like Mountain Warehouse and Ocado.

The business, which already has a presence in Germany, Chile, Singapore and Norway is looking to expand the product range and enter new territories outside the UK, including Europe, the Middle East, and South America.

Stefan Cameron, Managing Director at Pyramid Travel Supplies, said: “The ownership transition will enable us to be better prepared and positioned for future growth as market demands and our service offering evolves.   Thanks to the support from HSBC UK, I have been able to smoothly transition into becoming the majority stakeholder.”

Allan McGraw, Relationship Manager at HSBC UK, said: “At HSBC UK, we are committed to helping local businesses and their leaders find the right financial solutions to achieve their growth ambitions. This buyout will only pave the way for continued growth in the years to come.”

Pyramid Travel Products, which achieved a turnover of approximately £1 million in 2024, has a current workforce of seven full-time staff, including technical, operations, and production roles. The business is also hiring two additional seasonal staff during the summer to meet increased demand.