Overcast

Overcast

max temp: 11°C

min temp: 7°C

Search

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

PUBLISHED: 14:08 13 June 2014 | UPDATED: 14:09 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.”

Drivers are advised that it is “highly likely” the Orwell Bridge in Suffolk will shut during tomorrow morning’s rush hour amid forecasts of 65mph gusts.

A Suffolk NHS trust has been ranked one of the best of the country, despite experiencing its most challenging winter on record.

He’s a well known television personality, but what’s John Bishop like live? Reviewer ELLIS BARKER headed down to the Regent tonight for the first gig of his three-night stop in Ipswich.

Warnings issued of the Orwell Bridge’s third closure in as many weeks have prompted renewed calls for a northern bypass to be built.

An investigation into whether ambulance delays caused the deaths of patients in the East of England must be transparent and independent, a union leader has warned.

A couple who run a hedgehog rescue charity from their home near Stowmarket say they released more than 400 of the little animals into the wild just last year.

New volunteers are being sought to join the ranks of Suffolk’s Special Constabulary and help keep their county safe.

Two teenagers wanted in connection with the attempted murder of a 17-year-old in Colchester are still at large following a “targeted” attack.

Museum Friends raise £8,000 to support the Wolsey’s Angels exhibition at Christchurch Mansion

Four burglars wearing balaclavas were arrested after security staff monitoring CCTV cameras saw them on the site of an Ipswich town centre car park where building work was being carried out, a court has heard.

Most read

Show Job Lists

Topic pages

Newsletter Sign Up

Sign up to receive our regular email newsletter
MyDate24 MyPhotos24