News: Quartzelec in Dinnington deal
Quartzelec, a fast growing electrical engineering group, is the latest company to expand into new premises in Dinnington, Rotherham.
The firm has acquired a 31,500 sq ft industrial facility on Caxton Way that is six times bigger than its Darnall premises with an additional acre of land for expansion.
The regenerated site of the former Dinnington colliery is already home to Macalloy, Johnston Press, Ernest Bennett Saws, Connexion2 and Assure Fire & Security.
Quartzelec offers design, manufacture, maintenance, refurbishment, service solutions and spares support for low voltage and high voltage electric motors, generators, pumps, gearboxes, transformers and associated static plant to customers in industries that include petro-chemical, steel mills, power generation, utilities, defence, food processing, traction, pharmaceutical, plus quarrying and mining.
The company has an annual turnover in excess of £50m with its critical electrical motors and generators used by companies around the globe.
Its heritage dates back over 80 years and is derived from engineering names such as Cegelec, ALSTOM, AEI, BTH and Metropolitan Vickers. It has also been part of Manweb, Norweb and ScottishPower through its lifetime. It became Quartzelec in 2007 following a management buyout.
Originally having cost over £2.5m to build, Quartzelec is leasing the new building with the option to buy.
Dave Graham, general manager at Quartzelec, said: "This site is perfect for our needs and growth plans.
"We've opted to lease the premises in the short term while we negotiate the freehold and release the necessary funds from within the business. Our existing premises in Sheffield were acquired back in the 1990s to enable us to service the needs of the metals industry in the region.
"However, we've subsequently diversified and built a reputation working with customers in many other sectors including power generation, petro-chemical and water and so needed more space and facilities to meet this growing demand."
The existing team of more than 20 engineers and support staff have recently transferred across to the new building and Quartzelec will also be looking to recruit additional skilled engineers in the future.
Rob Oliver, director of commercial property consultants GVA advised on the deal. He said: "Having totally outgrown its existing and antiquated premises in central Sheffield, close to the Don Valley Stadium, Quartzelec approached us late last year with a brief to identify either existing alternative premises or design and build opportunities in the region.
"The local market is struggling with a lack of supply of modern premises; particularly units designed and fitted out for manufacturing use. We shortlisted a number of options and the purpose built unit on Caxton Way, Dinnington, Rotherham ideally matched the requirement, as it already had the necessary cranes installed plus offered future expansion options and were pleased to negotiate and agree a deal."
Quartzelec website
Images: GVA
The firm has acquired a 31,500 sq ft industrial facility on Caxton Way that is six times bigger than its Darnall premises with an additional acre of land for expansion.
The regenerated site of the former Dinnington colliery is already home to Macalloy, Johnston Press, Ernest Bennett Saws, Connexion2 and Assure Fire & Security.
Quartzelec offers design, manufacture, maintenance, refurbishment, service solutions and spares support for low voltage and high voltage electric motors, generators, pumps, gearboxes, transformers and associated static plant to customers in industries that include petro-chemical, steel mills, power generation, utilities, defence, food processing, traction, pharmaceutical, plus quarrying and mining.
The company has an annual turnover in excess of £50m with its critical electrical motors and generators used by companies around the globe.
Its heritage dates back over 80 years and is derived from engineering names such as Cegelec, ALSTOM, AEI, BTH and Metropolitan Vickers. It has also been part of Manweb, Norweb and ScottishPower through its lifetime. It became Quartzelec in 2007 following a management buyout.
Originally having cost over £2.5m to build, Quartzelec is leasing the new building with the option to buy.
Dave Graham, general manager at Quartzelec, said: "This site is perfect for our needs and growth plans.
"We've opted to lease the premises in the short term while we negotiate the freehold and release the necessary funds from within the business. Our existing premises in Sheffield were acquired back in the 1990s to enable us to service the needs of the metals industry in the region.
"However, we've subsequently diversified and built a reputation working with customers in many other sectors including power generation, petro-chemical and water and so needed more space and facilities to meet this growing demand."
The existing team of more than 20 engineers and support staff have recently transferred across to the new building and Quartzelec will also be looking to recruit additional skilled engineers in the future.
Rob Oliver, director of commercial property consultants GVA advised on the deal. He said: "Having totally outgrown its existing and antiquated premises in central Sheffield, close to the Don Valley Stadium, Quartzelec approached us late last year with a brief to identify either existing alternative premises or design and build opportunities in the region.
"The local market is struggling with a lack of supply of modern premises; particularly units designed and fitted out for manufacturing use. We shortlisted a number of options and the purpose built unit on Caxton Way, Dinnington, Rotherham ideally matched the requirement, as it already had the necessary cranes installed plus offered future expansion options and were pleased to negotiate and agree a deal."
Quartzelec website
Images: GVA
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