Historic Fleetwood business nets 20 acres of land for future expansion
Lofthouse of Fleetwood, which is globally renowned for its Fisherman’s Friend mentholated lozenges, has acquired almost 20 acres of land next to its existing Fleetwood facility for an undisclosed sum, signaling the company’s ongoing investment to the town.
The vendor in the transaction is Associated British Ports (ABP).
Lofthouse’s heritage hails back to 1865 when Fleetwood pharmacist James Lofthouse developed a menthol and eucalyptus liquid for fishermen from the town to take on trips to the North Atlantic fishing grounds.
The company now has a workforce of 380 people and exports its products to more than 100 countries.
A spokesperson for Lofthouse said: “We have been operating on our current site for almost 50 years and we are rapidly reaching full capacity. The acquisition of this plot of land signifies our desire to safeguard the future of Fisherman’s Friend in Fleetwood.
“It will allow for the phased transfer of operations as the new site is gradually developed over a number of years. The Maritime Street site will remain in operation for the foreseeable future.”
They added: “We would like to thank ABP for their co-operation with this transaction and we look forward to working with Wyre Council on a planning application in due course.”
Wyre Council worked closely with all parties and helped to facilitate the process between Lofthouse and ABP.
Garry Payne, Wyre Council chief executive, said: “This deal is good news for the town and the wider region. We look forward to supporting Lofthouse of Fleetwood with their plans to make a significant investment into Fleetwood, which will create new opportunities for expansion.”
Victoria Critchley, head of commercial development at ABP, said: “We would like to thank the Lofthouse family and Wyre Council and look forward to seeing the future development of the site, which is set to help fuel the region’s economy.”
Richard Clithero, commercial property partner at Forbes Solicitors, advised Lofthouse on the deal. He said: “This is an encouraging deal for the town and provides a strong foundation for the company’s future expansion.
“The majority of the deal process has been completed in lockdown – the focus and drive of everyone involved has maintained momentum throughout.”