Plastic and aluminium products supplier, Plastics Direct, has borrowed £1m from NatWest to buy a new 20,000 sq ft base on Vulcan Business Park in Oldham from Beva Construction.
Plastics Direct, a £2m turnover company with 18 staff, previously traded from rented premises in Ashton-under-Lyne. The finance also paid for new machinery to offer its customers a bespoke plastics fabrication service.
Carl Morgan, operations director at Plastics Direct, said: "It was clear that we had taken the old site as far as we could. There was limited space to improve the business and this had started to hinder our operations. Without the move to new premises we would have struggled to increases our current level of sales. The move to Oldham is a very exciting development and gives us the opportunity to expand our product range and fabrication services."
Peter Treadwell, senior relationship manager at NatWest, said: "The directors of Plastics Direct have recognised they need to move in order to keep the business competitive. We are happy to have provided the finance to help them relocate to Oldham."