£2m expansion deal for manufacturer
A Leicestershire company is set to expand its manufacturing and engineering departments after buying a 22,000 sq ft building at Bardon Hill for £1.9m
Established in 1997, AC Valve Alliance supplies valves and actuators to Europe’s petrochemical, energy and general process industries and employs 60 people.
Group finance director at AC Valve Alliance Jessica Findell, said: “Our expanded facilities will allow us to meet a growing demand for our specialist manufacturing and engineering capabilities. In the new building, we plan to install an overhead gantry crane system which will enable us to manufacture larger pipe skid systems to serve a number of niche markets in the valve industry.
Partner and head of commercial property Law at Bray & Bray, Phillip Heseltine and commercial property law solicitor, Beth Lyon advised on the deal.
Heseltine said: “AC Valve Alliance is a well-established business which has built one of the largest stock programmes of valves and actuators in Europe. The building purchase is an important investment for the company, which will enable it to deliver its product development ambitions and realise its ongoing growth.
“As a longstanding client of Bray & Bray, it has been a particular pleasure to advise the AC Valve team on this deal and play a part in the further expansion of its Leicestershire headquarters.”
The purchase was made with funding arranged by Muki Rahman, relationship director at Barclays.
