Black Country manufacturer has relocated
This article appeared in the Birmingham Post and the Express and Star on 13th May.
Stephens Gaskets, which produces specialist components for the automotive industry, has moved into a new site in Hainge Road, Oldbury. This was after seeing turnover increase by 20 per cent over the past year.
Founded in 1947, the company has acquired a new 62,000 sq ft site. This of which is three times larger than its previous base in Alston Road, also in Oldbury.
The move means the firm will be able to boost output by as much as 50 per cent to meet increasing demand from its existing customers. Meaning they can take on more new business.
Over the years, the family-owned business has diversified into new services and sectors. This includes lighting and construction, and the new site will have machinery to support further expansion of products and services.
More recently, Stephens Gaskets has temporarily shifted its operations to support national efforts to produce PPE for frontline workers during the coronavirus outbreak.
Manager Piers Baynton said: “We saw demand shoot up last year and it quickly became apparent we would need to relocate somewhere bigger if we wanted to keep growing our business.
“We are proud to be a family business that has been passed down through three generations.”
Mark Corfield, relationship manager at Lloyds Bank which provided the £1.7 million loan, added: “Stephens Gaskets has enjoyed growth during an uncertain time and this looks set to continue.
“We’re looking forward to helping them take the next step in their journey as they move into their new premises and look for new opportunities to expand.
“The West Midlands remains the country’s manufacturing heartland and it’s fantastic to see another homegrown firm enjoy such success.”
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