Sunny

Sunny

max temp: 7°C

min temp: 0°C

ESTD 1874 Search

Hadleigh: Skar Precision Mouldings acquires factory unit in seven-figure deal

14:08 13 June 2014

Sharon Saunders of NatWest, left, with Karen Gant, financial director at Skar Precision Mouldings in Hadleigh.

Sharon Saunders of NatWest, left, with Karen Gant, financial director at Skar Precision Mouldings in Hadleigh.

Archant

Plastics company Skar Precision Mouldings has completed the purchase of a 20,000 sq ft manufacturing unit which it previously rented on the Lady Lane Industrial Estate in Hadleigh.

The deal, involving an undisclosed seven-figure sum, was supported by NatWest and also involved the re-mortgaging of a separate warehouse unit.

Skar, which employs 50 people and has an annual turnover of nearly £6million, manufactures injection moulded plastic parts and components including medical instruments, protective equipment and point-of-sale displays.

Karen Gant, financial director, said: “Owning our own property is an important part of our growth strategy, giving us added security and scope to develop the unit to increase production capacity.”

Sharon Sanders, senior relationship manager for NatWest, added: “It’s a pleasure to have supported the Skar team and to enable them to reach a pivotal moment in the history of the business.”

Search hundreds of local jobs at Jobs24

0 comments

Welcome , please leave your message below.

Optional - JPG files only
Optional - MP3 files only
Optional - 3GP, AVI, MOV, MPG or WMV files
Comments

Please log in to leave a comment and share your views with other East Anglian Daily Times visitors.

We enable people to post comments with the aim of encouraging open debate.

Only people who register and sign up to our terms and conditions can post comments. These terms and conditions explain our house rules and legal guidelines.

Comments are not edited by East Anglian Daily Times staff prior to publication but may be automatically filtered.

If you have a complaint about a comment please contact us by clicking on the Report This Comment button next to the comment.

Not a member yet?

Register to create your own unique East Anglian Daily Times account for free.

Signing up is free, quick and easy and offers you the chance to add comments, personalise the site with local information picked just for you, and more.

Sign up now

Ipswich wet dock in 1850, from the IMT Photographic Archive, including medieval buildings at Smart's Wharf

Illustrated talk about the hisotry of Ipswich docks and the river Orwell

Sports Direct boss Mike Ashley outside its headquarters in Shirebrook, Derbyshire.
Photo: Joe Giddens/PA Wire

Scandal-hit retailer Sports Direct and online grocer Ocado are set to update the City on trading this week as the fall in sterling and the supermarket price war continue to dominate.

The Suffolk Coastal District Council offices at Melton Hill have been sold for re-development, subject to planning permission being granted

Former Suffolk Coastal District Council, Melton Hill offices are sold for re-development

Becky Sebright-King, owner of Lady Bakewell Park, at the launch of Small Business Saturday 2016.

As the Christmas shopping season gets into full swing, it’s more important than ever to support our local traders.

The Octagon  in Colchester, where travel management company Gray Dawes is based.

Essex-based travel management group Gray Dawes is to double in size following the simultaneous completion of two acquisitions.

Management Jobs

Show Job Lists

Most read

Most commented

Topic pages

Streetlife

Newsletter Sign Up

Sign up to the following newsletters:

MyDate24 MyPhotos24