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PRIVACY
Manufacturing

HSBC º£½ÇÊÓÆµ backs Black Country manufacturer with new funding package

A Perry will use the fresh injection of capital to invest in new robotic tech and modernise its production facilities

A Black Country manufacturing group founded almost a century ago is planning a major investment after securing a new £7.33 million funding package.

A Perry was launched in Cradley Heath in 1925 and is now run by the founder's grandson, manufacturing and supplying hinges, hardware and ironmongery.

It will use the new capital from HSBC º£½ÇÊÓÆµ to invest in the latest robotics technology, modernise production facilities and position it to double turnover over the next four years.

It will also allow A Perry to streamline production and logistics processes, reduce manufacturing costs and improve time to market.

The company has a domestic and international customer base of more than 3,000 businesses and part of the funding will allow it to increase imports from China and India.

The family-run business has grown in recent years to occupy 150,000 sq ft of warehousing and manufacturing space.

After expanding into the site adjacent to its original premises two years ago, the business is now looking to further integrate and develop both sites to meet increased demand.

Managing director Guy Perry said: "The new site has plenty of room for growth and the funding from HSBC º£½ÇÊÓÆµ will allow us to invest in a new automated warehousing and distribution centre which will use cutting edge robotic technology.