A Yorkshire manufacturer has seen its sales soar to nearly £8m, marking a 40% increase on last year’s figures and resulting in six new jobs.
Hodgson Sealants, the Beverley-based firm which employs 45 people at its facility, added nearly £3m of new business across the construction, glazing and transport sectors, including securing a £2m contract previously completed on the continent.
The family-owned company says a lot of the growth has been in the specialist vehicles and caravan and leisure markets, with clients keen to benefit from the firm’s range of high quality and durable sealants.
The company, which has received assistance from the Manufacturing Advisory Service (MAS), has taken on the new recruits to cope with the increases in demand and expects more new jobs to follow.
Charles Hodgson, managing director of Hodgson Sealants, said: “We celebrated our 45th birthday in 2013 so we were delighted to be able to mark it by enjoying probably the fastest growth in our history.
“At the same time we are half way through investing a record £600,000 in new production and R&D equipment, which is significant for us.”
Mr Hodgson pinpointed particular growth coming from the recent launch of our new range of hybrid sealants and adhesives, which offer user advantages in transportation.
“Being able to access specialist assistance has pushed us on to the next stage and we have successfully introduced new technologies into the plant, whilst at the same time working on improving planning and efficiency,” added Mr Hodgson.
Hodgson Sealants is now setting its sights on expanding another 30% over the course of the next three years.
The company is targeting strong growth particularly in the transportation sector, whilst also building on current export activity to the Czech Republic, France, Germany, Holland and Scandinavia.