Artel Rubber Holdings’s new 1,672m2 factory in Alcester, Warwickshire, was funded by the Bank of Scotland to enable the firm to continue growth and meet rising demand. The terms of the funding were not disclosed.
The new building is twice the size of its original premises in Bidford on Avon.
Executive director Simon Lavin said: “In recent years we have achieved significant growth, which meant that we had begun to outgrow our existing premises.
“Given the strength of the local manufacturing industry and the demand for industrial sites, we struggled to find a property that would meet our existing production needs and provide space to accommodate the business in the future as it grows.
“As a result, we decided to construct our own purpose-built facility, which we couldn’t be happier with. The new premises are ideal and will meet our needs for the foreseeable future.”
Royal Bank of Scotland senior relationship manager Adam Smith said the new premises were “fantastic” and he was pleased the bank had been able to support Artel.
“Building its own facility was definitely the right move for the company and the property will allow them to continue to drive growth and increase production,” said Smith.
Established in 1990, Artel manufactures silicon pipes and hoses for food, agriculture, pharmaceutical and automotive industries. The company has about 40 employees.
The news followed a number of businesses moving to larger facilities to help cope with continued growth.
American confectionery wholesaler Innovative Bites is to move to a new purpose-built premises in Dunstable, Bedfordshire, to bring together the US and UK sides of its business.
Meanwhile, Real Good Food moved to its new headquarters in Wavetree, Liverpool in May this year, in order to boost the company’s product development and innovation.