Automotive supplier relocates after building new premises
A Coventry manufacturing company is implementing growth plans after relocating to new premises.
Exactaform, which makes and supplies polycrystalline diamond (PCD) tools to the automotive and aerospace industries, has moved into new, purpose-built premises on Prologis Park.
The 43,000 sq ft industrial unit, which includes office space, an on-site gym, and canteen, is the first step in an expansion plan which aims to increase headcount from 55 to 150 during the next five years.
The new unit was built after the firm outgrew its former site on Little Heath Industrial Estate.
The Exactaform management team opted to build a new unit due to a lack of suitable commercial space in the area.
The team is led by Jamie White and Peter Raynor, under the guidance of owner and founder John Inglis.
Mr White said: “The new premises at Prologis Park mean that as a company, we now have the space to develop and grow over the coming years.
“We are extremely pleased with the resulting building and its clean, sharp edges reflect our products and the work we do within the industry.”
The team was advised on the relocation deal by law firm Wright Hassall and property consultancy Shortland Penn + Moore (SP+M).
Michael Hiscock, a construction and engineering lawyer and partner at Wright Hassall, provided specialist construction legal advice and support during the build process.
He said: “It’s great that the company has been able to stay in the area and continue its investment in the city. It is this sort of partnership that helps to support the wider economy in the region.”
Initially, the building will be split into two, with Exactaform taking one side and the other 21,000 sq ft is being leased on a short term basis through SP+M.
James Compton, of SP+M, said: “It is positive news to see a company such as Exactaform building their own premises to accommodate their future expansion. It just goes to show how buoyant the economy is in the region, in spite of ongoing political uncertainty.”
Pictured from left: John Inglis (Exactaform) Michael Hiscock (Wright Hassall), Jamie White (Exactaform), James Compton (SP+M), Peter Raynor (Exactaform).