Kitchen manufacturer swoops for £2m factory
DeVOL Kitchens has bought the 40,000ft² Karl Mayer knitting machine factory in Shepshed for £1.95m in a deal brokered by Mather Jamie.
The firm, which currenly makes around 1,000 cupboards a month, says the move will mean it can double production over the next two years as it prepares to open a New York showroom.
Paul O’Leary of deVOL Kitchens said: “We were really pleased to find this modern, high spec property in Shepshed, which, in our opinion, represented excellent value for money. Many of our staff live in Ashby, Shepshed, Derby and the surrounding areas, so this new property is perfect and just as convenient for them to travel to as our Loughborough sites.
“We have acquired lots of small units in Loughborough over the last 10 years and purchasing this new site in Shepshed for £1.95 million is an exciting new step for deVOL.
“We are particularly excited because shortly we will be opening a showroom in the US, in the Manhattan area of New York and envisage the need to increase our production considerably for this new venture.”
Karl Mayer, which had operated from the Shepshed site for approximately 40 years, has now moved offices to Nottinghamshire, from where the firm will run its UK operations.
Keith Priestly, managing director of Karl Mayer UK, said: “This property has served us very well for several years, and is ideally suited to a medium sized industrial firm such as deVOL Kitchens, looking for more space in which to expand.”
Alex Reid, Director of Mather Jamie, said; “This substantial, purpose-built industrial complex had a positive reaction thanks in part to its good location, demonstrating demand for quality commercial and industrial properties remains very high in the region.”
