Overcast

Overcast

max temp: 10°C

min temp: 5°C

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.

shares

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.”

shares

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 Ipswich Star 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 Ipswich Star 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 Ipswich Star 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

File photo.

More than 200 properties and businesses were without power in and around the town centre this evening.

Storymaker

This weekend is set to be cold and overcast, with just a hint of sun on Sunday - making it difficult to entertain young children.

Traffic

The A14 has reopened after a seven-vehicle crash on the A14 this evening.

Remi Morrison is pictured at Pump and Grind in Ipswich.

Another week of great music and events is upon us and Remi Morrison brings you a round up of what is happening in Ipswich over the next few days.

Smokey joes burger deli Ipswich

Charlotte Smith-Jarvis checks out Ipswich’s newest burger joint

Events such as Thursday's Harry Potter Night have helped libraries become a hub for the community

People in Suffolk are today being urged people to back their local library – or risk losing them.

Stowmarket's Regal Theatre is premiering Dad's Army. In conjunction with the cinemas 80th Birthday.

A Suffolk town’s theatre and cinema kicked off its 80th birthday celebrations in style with a sell-out premiere screening of star-studded film Dad’s Army.

Ipswich Hospital.

Ipswich Hospital is joining forces with Suffolk County Council to develop the hospital site for the future.

Ipswich Hospital

Procedures for helping some mothers give birth have been changed at Ipswich Hospital following the death of a newborn girl.

The Lego model of Moyses Hall Museum in Bury arrives at the museum.

Mayors get to open and unveil pretty much everything, but one ceremonial Suffolk leader is likely the first ever to reveal to the world a Lego version of himself opening a Lego version of the local museum.

Most read

Most commented

HOT JOBS

Show Job Lists

Topic pages

Streetlife

Great British Life

Great British Life
MyDate24 MyPhotos24