A YORKSHIRE firm which has secured contracts with major global names is poised for further expansion.
Precision engineering company Craftsman Tools has invested £300,000 in extending its manufacturing base and storage facilities in Otley, West Yorkshire, as part of a strategy to help the business break the £6m turnover barrier. Craftsman grew 2011 sales by 39 per cent to £4.8m.
It is on course for similar growth in the current year, with around 40 per cent of sales going abroad.
The investment has so far added four jobs, taking the workforce to more than 60, with the potential for two further apprenticeships this year.
The new premises and equipment were helped by grants totalling £15,000 from Leeds City Council’s business growth fund.
The company’s clients include Sandvik Cormorant, Sulzer Pumps and Yamazaki Mazak.
It also has a partnership with the Advanced Manufacturing Research Centre at the University of Sheffield.