Distribution firm branches out
A FAMILY-owned company which makes and distributes a range of products including protective clothing and footwear for workers in the forestry sector, has expanded into new premises.
Fletcher Stewart (Stockport) has acquired a new 9,000 sq ft unit on Newby Road Industrial Estate, Hazel Grove to accommodate its recent growth.
Founded in 1967, the company is run by brothers Ian and Nigel Fletcher. It originally supplied and repaired lawn mowers and other grass cutting and wood chipping equipment but 10 years ago it branched-out into other market areas.
It is now one of the market leaders in distributing products to the forestry and arboricultural industry in the UK and abroad, and has its own brand called STEIN which makes protective gear for workers using such as chainsaws at height.
Products are sold through a network of retailers in this country, while goods are also sold internationally through a network of distributors.
Funding to support the move has been provided by the Royal Bank of Scotland’s Stockport team and Lombard, the bank’s asset finance division.
A six figure funding package includes a loan to support the purchase of the premises. Lombard, the bank’s asset finance arm, also funded new asset purchases including new racking, alarm systems, fencing and furniture for the new warehouse.
Ian Fletcher said: “Over the years we have expanded our range as we have entered new markets. Things have really taken off since we entered the forestry and arboricultural industry and we provide equipment for specialist trades such as tree surgeons and forestry.
“As a result we have turned our Stockport premises into a worldwide distribution centre for our own brand STEIN and the other brands we distribute. To meet the increased demand we needed to relocate to a larger site. We are delighted to acquire a building on the same estate which has been completed thanks to the funding package provided.”
Paul Baxter, relationship director at RBS addded: “Fletcher Stewart (Stockport) Ltd is a great example of a local business that has adapted with the changing demands of their industry and through diversification into new markets has grown significantly.
“They distribute products and brands worldwide but have stayed true to their local roots and relocated to a site in Stockport. We are delighted to help Fletcher Stewart (Stockport) Ltd invest in the future of their business and by working with Stephen Wright in Lombard we have provided a complete funding solution.”
