Sealey announces purchase of site at Suffolk Park for expansion
PUBLISHED: 11:44 29 May 2018 | UPDATED: 14:43 30 May 2018
A Bury St Edmunds company has purchased a 7.5-acre site at a new business park located on the edge of the town to expand its business.
Sealey, which is one of the largest suppliers of garage and workshop equipment in the UK, says it has made the acquisition to facilitate future growth.
The company, which employs 400 people and already occupies 440,000 sq ft of property around Bury, is working on a planning application for a new facility in the near future.
Mark Sweetman, managing director of Sealey, said: “We are focused on continuing the growth of our business and this acquisition will enable us to expand our property footprint in line with our strategic plans.
“We are excited about what the future holds and the additional employment opportunities that will be created locally.”
Another Bury St Edmunds company Treatt has also bought a 10-acre site at Suffolk Park for its global headquarters and the new major estate road was completed this month.
Developer Jaynic, in partnership with PGIM, is also developing two major speculative logistics units at the site.
John Griffiths, leader of St Edmundsbury Borough Council, said: “It is great to see that our work to secure the Eastern Relief Road and with it the availability of land to expand, has meant that another one of our successful local businesses is able to not only plan for its future growth, but in so doing, is also able to further strengthen its commitment to this wonderful part of west Suffolk.
“In the long-term this is about helping businesses grow and create new jobs, new skills and greater opportunities for the communities that we represent.
“So we welcome news of this sale and we look forward to looking at the detail of the planning application in due course.”
The development is part of a broader initiative with St Edmundsbury Borough Council and housebuilder Taylor Wimpey to support a range of new and existing businesses in the area.
Ben Oughton, development director at Jaynic, the developer of Suffolk Park, said: “The Sealey acquisition is good example of the strong interest being shown by both local, regional and national occupiers in Suffolk Park.
“The park is adjacent to the A14 with its excellent links into the national motorway network.”