Electrolube, part of HK Wentworth Ltd and an established manufacturer of electro-chemicals, is expanding and positioning itself for continued growth with the purchase of the company’s global headquarters and UK factory. The company had initially leased the 62,000 sq. ft. premises on their relocation to the high-tech facilities, situated in Ashby de la Zouch, Leicestershire 4 years ago.
This is the third move Electrolube has made since the company’s formation in 1956 and growth has been significant since it occupied its original 3,000 sq. ft. factory. The new Ashby site is close to its old Swadlincote site and this has enabled the company to maintain excellent customer service throughout the duration of the move and also allowed the company to retain its highly experienced and professional staff.
Electrolube’s extensive premises are located in close proximity to 2 regional airports and with excellent transport links to main UK motorways. The impressive facilities currently house the company’s manufacturing, research and development department, laboratories, warehousing and administrative teams.
Electrolube Managing Director, Ron Jakeman, said, “The purchase of our modern purpose built building comes at a time of continuing global growth for Electrolube and HK Wentworth as a whole. Complete acquisition of the premises ensures we have ample space for forthcoming expansion plans and security of a long-term future.”
“Our initial lease of the premises from the move back in 2010 was a key part of our strategic plan to operate with increased efficiency and provide a productive working environment for our staff and to enable the re-development of the old site in Swadlincote. The decision now to acquire the Ashby de la Zouch site reflects the success of that strategy and is evidence of our commitment to the long-term future of the business and its current UK location. The site is one that we feel assured will serve our needs for the future. It is in an excellent location and continues to provide us with the potential for expansion of our business activities.”
“This is a very exciting time for the company. Electrolube enjoys a thriving reputation in the electronics sector, particularly among the LED, automotive and industrial manufacturing industries. This timely acquisition will ensure that the company continues to be a leader in its field and keeps ahead of the competition in terms of innovation and production.”
