The manufacturer and supplier of industrial oils and lubricants has purchased an additional 5,000 sq ft of industrial space at the business park in Poulton-le-Fylde, Lancashire.
Gannon Oils secured funding from Yorkshire Bank to help purchase Unit 7 Sovereign Court from Ricsar Developments for an undisclosed sum, which is located adjacent to its base on the business park.
The purchase of additional premises takes Gannon's total occupancy at Poulton Business Park to 10,000 sq ft.
The company, which employs 25 staff and also has sites in Northampton and the North East, is run by husband and wife team Mark and Julie Gannon who founded the business in 1993.
Mark Gannon said: "While many businesses are shrinking, we are expanding and we needed a banking provider that was committed to supporting our growth aspirations. This purchase of additional industrial space is integral to our current five-year plan to significantly grow the business."
In 2010, Yorkshire Bank introduced its Investing For Growth package which aims at offering a dedicated business planning service and flexible approach to investment finance to enable businesses to invest in growth opportunities.
Poulton Business Park is owned by Wyre Council.