A Midlands manufacturer is investing in a £2.5 million expansion which will see the company grow its national and international presence.
Moseley Brothers Limited, a manufacturer of pressings, press tooling and supplier of specialist engineering services, is moving its main operations to Dudley after purchasing a 33,000 sqft facility on Blackbrook Valley Industrial Estate.
The company serves automotive clients such as Jaguar Land Rover and exports to countries including Germany, South Africa, China and Mexico, and is set to make the move from its current base in Tipton three miles down the road to Dudley later this year.
The expansion is being completed with support from accountants ChantreyVellacott, the Black Country Local Enterprise Partnership’s Regional Growth Fund (RGF) – accessed through Sandwell Borough Council – and funding from Lloyds Bank.
Sister company GF Laser, one of the UK’s premier laser cutting specialists, will also be relocating to the new site.
Moseley Brothers managing director John Hickman, said the expansion to larger premises would significantly boost turnover and see the firm add to its 47-strong team.
“We’ve outgrown our current home and a move just three miles up the road is a perfect solution for us as it will not only give us much more space but also vastly reduce our infrastructure costs through owning our own premises,” he said.
“We’ve enjoyed strong growth in our business over the last few years, both domestically and internationally, and we envisage the move helping us to raise our turnover from £3.5 million to around £5 million.
“The move will further strengthen our press tooling, repair and modification services and initially we’ll be creating around ten new skilled and semi-skilled jobs as part of the expansion.
“The support we’ve received from ChantreyVellacott, Sandwell Borough Council and Lloyds Bank in helping to make the expansion possible has been excellent and we’re looking forward to beginning the move towards the end of the year.”
Paul Fenner, partner in the Birmingham office of ChantreyVellacott, worked with Moseley Brothers to support the RGF application and finance around the deal.
He said: “It’s extremely positive to see a Black Country manufacturer expanding its operations on the back of its success and creating new jobs.
“Moseley Brothers has established a strong presence and reputation as a leading manufacturer of press tooling and press production, both domestically and globally, and we’re pleased to be supporting the firm with these exciting developments.”