A sports equipment giant has bought a large new site in Wrexham for a major expansion plan that secures its future in the town.
Net World Sports - which boss Alex Lovén relocated to Wrexham Industrial Estate in 2014 - now employs more than 100 workers and exports goal posts and other sporting gear around the globe.
With sales rapidly growing the company had been looking to expand operations and had been hunting suitable new premises.
Now it has announced acquisition of a new 47-acre site in Wrexham with the move backed by a £1.6m loan from Lloyds Bank Commercial Banking.
Located less than a mile from the company’s current 120,000 sq ft headquarters on Wrexham Industrial Estate, the new site has already gained planning approval for a further 400,000 sq ft. of commercial development.
Alex said: “We have an exciting year ahead of us as we look to grow our operational base in Wrexham.
“This purchase is part of our long-term growth strategy, with the land providing an opportunity to build further distribution and corporate space near to our current headquarters.
“Sport’s popularity is universal and has enabled us as a business based in North Wales to reach a large global audience.
Most Read
"Lloyds Bank’s guidance, alongside the support of Wrexham County Council, has been invaluable and will continue to be, as we look to the future.
“With the help of the bank, we have every expectation of our brands gaining further traction both domestically and overseas.”
Over the last decade, Net World Sports has grown consistently, turning over £22million last year – an increase of 27% on the previous year.
It currently exports to more than 180 countries worldwide and the company’s client base includes professional sports teams and governing bodies from across the world, including the Canadian Football League and A-League club Perth Glory FC.
The purchase and future development of the land forms part of the company’s long-term growth plan.
Stella Clayton, relationship manager at Lloyds Bank Commercial Banking, said: “We’ve been by Alex and the business’ side for the past 10 years, so we know just how driven the company is to succeed on the global stage.
“For export businesses like Net World Sports to grow and champion the 海角视频 internationally, it’s vital that the correct funding is in place.
“Our mission is to help Britain prosper, and we’re extremely proud to support this latest acquisition, which will ultimately create new jobs and boost the regional economy in North Wales