Newmarket firm sees overseas market for its infection prevention products reach new heights
- Credit: Gregg Brown
A Newmarket manufacturer making specialist infection prevention wipes for hospitals is celebrating a huge rise in overseas trade.
Tristel, based at Snailwell, says its overseas market is up 26%, and contributed 55% of its total revenues, which are expected to come in at £26m for the year to June 2019.
Chief executive Paul Swinney said: "We are very pleased with the performance of the company during the year.
"The balance of our business continues not only to shift towards our higher growth overseas markets, but also towards our higher margin chlorine dioxide technology."
MORE - Disinfectant wipes maker snaps up European distributor in £6m dealOverall, sales have soared by 17% from £22.2m in 2018, and pre-tax profits are up from £4.7m to at least £5.5m.
Its UK revenue rose by 9%, and sales of products using its core chlorine dioxide technology grew by 22% while non-core products declined by 5%.
You may also want to watch:
Tristel has acquired 80% of Tristel Italia, through which Michael Donaldson introduced the firm's medical device disinfectants into Italy. Since 2007, when Tristel owned 20% of the business, Mr Donaldson has single-handedly built it up to a turnover of £628k.
- 1 WATCH: 'Selfish' drug-driver ploughs into police detective's vehicle
- 2 First look at £10m Sudbury garden centre revamp
- 3 'I can't carry it' - Shock as plant starts growing eight inches a day
- 4 Body of man, 22, found in River Orwell
- 5 Mum of 'beautiful' Lily calls for young people to have their hearts tested
- 6 'I'll always have love for Ipswich, but it was time to move on' - Dozzell signs for QPR
- 7 QPR trigger buy-out clause to sign Dozzell for £1m
- 8 Former Town assistant Taylor back in football
- 9 265 new homes set to be built off A14 at Stowmarket
- 10 'Kind and loving' husband-to-be dies of lymphoma aged 27