BATH manufacturer Trojan Plastics said it is actively seeking to acquire complementary businesses which manufacture related products to grow the business.
The Huddersfield-based company said it is particularly looking for manufacturers of high-end products.
Over the last 12 months, Trojan Plastics has extended its product range with the introduction of its Aquair whirlpool baths, a range of floor standing baths plus Bathe Easy easy access baths.
The firm has invested £1.2m in the last two years including two new production lines and a new warehouse to store raw materials. It also increased its fleet to 11 trailers and grew its workforce to 180 people.
Specialist advisers from Grant Thornton’s tax team in Leeds were also brought on board to guide the business through the period of transition and put together a strategy to position it for future growth. The company was first re-structured to separate its manufacturing business from other property assets.
Managing director David Mosley said: “Through good management and sound financial advice, we have emerged from the last few years with a healthy balance sheet, cash reserves and no debt. These factors have placed us in a strong position to take advantage of new opportunities not only through organic growth, but also by acquiring complementary businesses within the sanitaryware sector.
Established in 1975, the company manufactured 50 baths a week. It has grown into a £17m turnover business, producing over 8,000 baths and 12,000 panels a week.