Tuesday, April 17, 2012

News: Sarclad's £1.6m Rotherham investment


The move to Rotherham by Sarclad Limited will see the provider of advanced technology products for the metals industry invest £1.6m and double the firm's capacity.

Last week, Sarclad announced that it is relocating from Chesterfield into new larger premises at the Evolution development on the Advanced Manufacturing Park (AMP).

The 13,597 sq ft of office space is the largest letting at the development by UK Strategic Partnership Ltd, a joint venture between Harworth Estates and Strategic Sites.

The firm employs 65 staff and specialises in world-leading products and applications for measurement, monitoring and quality improvement in the production and rolling of steel.

The new manufacturing centre and offices will allow for up to 100 per cent increase in capacity and the firm hopes to grow and boost staff numbers over the coming months.

Keith Shillam, managing director of Sarclad said: "We have great ambitions to grow and enter new markets with our strong reputation and client base. We have seen a massive increase in demand over the past few years and we needed a much larger facility to allow for future expansion.

"We now have the platform from which to leap forward and grow organically but also by acquisition if appropriate. We are excited about what we see as a massively positive development in Sarclad's 35 year history."

Lambert Smith Hampton advised on the deal and Grant Thornton is the firm's auditors and advisers.

Paul Houghton, partner at Grant Thornton in Sheffield, said: "Sarclad is a great manufacturing success story and is exactly the type of business that can help the region's economy to grow and recover. The newly announced Enterprise Zone is the perfect location for this type of growing high tech manufacturing employer.

"Keith has led a transformation of the business with a brand new management team over the past few months. With a first rate reputation within its markets and a strong pipeline of international orders, we expect to see Sarclad grow at its new base and fly the flag throughout the world for this region's manufacturing expertise."

Over the last 30 years Sarclad has grown and expanded around the world and now supplies quality equipment to all of the leading steel manufacturers and suppliers across 46 different countries. Turnover grew to £10m in the year to December 2011 with a raft of contract wins from metals manufacturers across Europe, the Far East and the Americas and expects to grow turnover by more than 50 per cent in 2012.

The new facility is set to become operational in May and an open evening is planned for May 23.

Sarclad website

Advanced Manufacturing Park website

Images: Sarclad / Grant Thornton


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