Chesterfield manufacturer goes for growth
A specialist paint manufacturer in Chesterfield has expanded the size of its Holmewood premises for the second time this year after acquiring an adjoining one-acre site.
Pronto Industrial Paints has used a £575,000 funding package from NatWest to purchase an acre of neighbouring land and an empty workshop at its Stainsby Close site, growing it to three acres.
Over the next 12 months, the site will be transformed into a training academy, allowing the firm to educate both customers and apprentices on the use of its specialist paints, including compliant coatings, one coat systems and CV systems.
The six-figure finance from NatWest has also supported the purchase of new machinery in the main factory to enable Pronto Industrial Paints to increase its production capacity in 2020. To support this growth, plans are underway to create 10 new jobs, which will increase the size of its staff base to 49 employees.
Founded in 1989, Pronto Industrial Paints is a family-run manufacturer of high technology surface coatings, supplying commercial partners and clients with paints specific to their exact needs. The business has doubled in size over the last 10 years and the aim is to continue this growth and double the size of the business again over the next 10 years.
Pronto Industrial Paints operates from a purpose-built 26,000 sq ft factory and in May this year, the firm acquired a 54,000 sq ft warehouse with the support of NatWest, which is being used as additional storage.
David Beckford, Managing Director at Pronto Industrial Paints, said: “We are committed to investing in the future of our business by expanding our premises and machinery assets, but also investing in the future of others by educating customers and apprentices on how to use our paints.
“As we transform our expanded premises into a training centre, we are keen to partner with local colleges and support a recognised apprenticeship scheme for Industrial Applicators that will set young people up for a future career in the industry. With the support of NatWest, we look forward to incorporating our additional acre-site into our current premises and renovating it into a fit-for-purpose academy.”
Liam Douglas, NatWest Relationship Director & Lisa Knowles, NatWest Associate Director supported Pronto Industrial Paints throughout its expansion.
Liam said: “In the last two years that we have been working with David and the team at Pronto Industrial Paints, the company has acquired two additional sites to expand its original premises significantly. We will continue to support the firm as it transforms its latest site into a training academy and continues to grow in the coming years.”