PICKERING, UK – Electronics manufacturing services firm Contract Production (CPL) has purchased a head office and production facilities here, expanding into a third adjoining unit.
CPL shareholders have purchased 9,600 sq. ft., spread across three adjoining units, investing more than £500,000 in the acquisition and a modernization program.
The EMS company leased two of the units for the past 10 years.
"The additional empty unit is basically a shell, so we are starting with a blank space, which gives us plenty of options,” said CPL managing director Simon Norris. “It's a very exciting time for the company and the staff who will have a big say in how we can best utilize the new areas. The space may well be used to create a dedicated area for our automated production line to expand into, and grow our component stores and warehousing, as well as provide much-needed admin space and meeting rooms."
The expansion follows a six-figure investment last year in production lines that led to a 30% increase in revenue over the last 12 months.