New premises key element for chemical company’s growth plans
A Redditch company supplying minerals and formulations to some of the country’s leading businesses has invested £500,000 in an innovation hub.
Lake Chemicals & Minerals is targeting major growth on the back of a record year which saw it achieve turnover of £20m.
Working with Ben Truslove, joint manager director of John Truslove, Lake found new premises at 3 Moons Park, on the North Moons Moat industrial estate, as a site to expand its laboratories.
The relocation has also seen Lake launch a recruitment drive for technicians, chemists and scientists to further its work across a range of industries.
The new site, a short distance from Lake’s manufacturing base in Padgets Lane, represents a £500,00 investment to create a Lake Innovation Hub with integrated R&D and hub office facilities with meeting rooms and social entertaining area for employees and customers.
Lake’s managing director Steven Cartlidge said: “Lake Chemicals & Minerals started renting offices in Redditch with two people in 2003 and our new home in 2021 is the Lake Innovation Hub, giving a home to 60 employees in a hybrid remote working/hub operation.
“Redditch has developed into a hub for entrepreneurial SMEs and Lake has found a good home in Moons Park. As an agile entrepreneur, Lake has created high quality speciality jobs within innovation and entrepreneurship at the heart of activities feeding a manufacturing unit also located in Redditch.
“Lake has a near 20-year commitment to Redditch and we hope to extend operations in line with the continuing success of the business.
“Success is only possible by collaborating with companies that want to make a difference and Lake’s partnership with John Truslove has been essential component of this successful move enabling continuing growth.”
Ben Truslove helped Lake CM secure a ten year lease on the 5,675 sq ft unit.
He said: “Lake CM had very clear ideas about the kind of premises they needed to secure in order to take the business to the next level. We are delighted we have been able to help them secure the right site on one of the most popular industrial estates in the area.”