Renewable energy company acquires trio of warehouses to boost capacity

Waxman Energy, a renewable energy company based in Elland, is set to grow its distribution capacity this yea with the acquisition of a trio of warehouses.

Founded in 2007, Waxman Energy is the newest specialist area of the Waxman Group, providing customers with a range of solar and battery storage products.

With demand increasing for these products, Waxman Energy has decided to expand its product lines and services. To help support this growth, the firm has acquired three further warehouses on its site, which will allow it to store and supply more products.

Lloyds Bank’s support has given Waxman Group the financial flexibility it needed to increase its distribution capacity.

Launched in 1958 as a synthetic fibre manufacturer, Waxman Group is a third-generation family business led by chairman Richard Waxman. Over the years, the group has expanded into a number of other sectors, with its three key divisions now being Fibres, Ceramics, and Energy. The group currently employs around 100 people at its head office and across the UK.

It also provides training to installation specialists at Waxman’s bespoke academy, focusing on the technical knowledge of its products and helping to upskill solar panel installers across the UK.

The company has also been working to reduce its own carbon footprint by using its products on its warehouses, thereby generating power for the company.

Sam Waxman, managing director of Waxman Energy, said: “At Waxman Energy, we endeavour to constantly evolve into new areas of expertise and grow our product offering in order to provide our customers with the most high-quality and up to date range of products in what is a very fast-moving industry. We recognise the importance of solar energy and are pleased to be making a positive impact on the environment by not only providing our customers with state-of-the-art solar products, but by using them on our own warehouse facilities as well.”

Aaron Shea, relationship manager for Lloyds Banking Group said: “We are proud to be supporting Waxman as it aims to expand its business, while also prioritising sustainability. It’s important to support companies like Waxman Energy, which provides an excellent example of a business that is improving its sustainability credentials and reducing its carbon footprint while also settings its sights on growth and expansion.

“We are excited to be by the side of Waxman Energy and look forward to supporting them as they continue this journey.”