Funding supports expansion of £12m turnover manufacturing firm

Doncaster-headquartered manufacturer Purex International has opened a business unit with support from Barclays to ensure its continued growth.
Purex International is an established maker of fume extraction systems for the laser printing and engraving, electronics, pharmaceutical and dental sectors. The support from Barclays has included a significant asset finance facility to fund the purchase of new machinery needed for the business to manufacture its extraction cabinets in the UK.
The company was formed in 2004 and now Purex International operates a new facility at the Humber Enterprise Park, in Brough, which is part of the old BAE systems facility.
Trefor Jones, Finance Director of Purex International, said: “We’ve been growing organically since we started out in 2004 and have worked alongside Barclays for many years. This funding deal has enabled us to transfer the manufacture of the fume extraction cabinets entirely to the UK, meaning faster end-to-end service for our customers and better control over quality and supply.
“Barclays have been a strategic partner to our business who continue to support our exciting growth plans.”
Purex International employs over 50 people locally, including many recruited locally post redundancy. Turnover for the year is expected to exceed £12m, with the business benefiting from an improved supply chain as it embeds the new manufacturing capabilities.
Chris Rushworth, Barclays Relationship Director, put together the funding package for the deal. He said: “Purex International is a great example of a thriving business that is expanding for the future and contributing to the local economy.
“The new funding has enabled the company to invest in the plant and machinery it needs to support its growth ambitions. The future economic success of our country will be driven by people and businesses in places like Brough, so I am delighted we are able to support our client in this way.”

 

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