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Anchor Magnets attracts cash

Anchor Magnets attracts cash

Anchor Magnetshas recently invested more than £250,000 into the business, following an unprecedented growth in turnover.

The company, which specialises in the production of a range of printable magnetic media for use in retail, promotional and other signage applications, has expanded its machining capacity and also implemented a new integrated management system.

Having achieved an all-time high turnover result for the first half of 2014, it has now tripled its conversion and cutting capacity for sheet magnetic material and also plans to further expand the machining capabilities for its extrusion plant.

Managing Director, Warren Turner, commented: “We have seen healthy growth across the business and this has created a need for targeted capital investment so that we can plan for and better manage further growth.

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