We are taking on additional premises and equipment to boost our production capacity after buying out the stake of our long-term private equity partner.
Amazon Filters engaged BGF as an outside investor and minority shareholder in 2018, paving the way for a continued period of growth.
The buy-back means we regain full control of our shares once again as a series of expansion plans take shape.
Manufacturing and delivery capability are set to be strengthened from September 2022 with the lease of a 7,000 sq ft warehouse and office.
The new premises are on the same Albany Park Estate in Camberley as our main production centre.
The move gives us seven industrial units in a row at the business park.
The shares buy-back and the lease on the new premises have been supported with a funding package from HSBC UK which ensures ongoing working capital.
Neil Pizzey, Managing Director of Amazon Filters, said: “On the buy-back and following a period of growth and expansion, both we and BGF felt the time was right to make this move.
“We have enjoyed a fantastic relationship with BGF, and reached a point now where we are far more self-sufficient than we were in the past.
“We believe this transaction allows us to continue with our growth plans while securing the long-term future of the business.
“Our new building allows us to relocate existing warehousing and create new production halls to underpin and increase our ‘quick and able’ manufacturing capacity and delivery capability.
“The new production halls will receive significant investment in state-of-the-art production line equipment for the manufacture of our pleated filters.
“As a result of these moves, we expect to double our production capacity for pleated filters and support our reach into markets beyond the UK and Europe.
“We have recently appointed in-region business development managers for the Asia-Pacific territory and the Americas.
“Strengthening our production capacity and capability will help our growth plans in both these territories.”
BGF’s Will Gresty said: “Under the leadership of Neil and the management team, Amazon Filters has gone from strength to strength throughout our partnership. We’re proud to have played a role in supporting the growth of the business and wish everyone at Amazon Filters the very best for the future”.