The business was founded in 1970 by Mick Parr, and is now one of the country’s leading independent toolmakers and injection moulders, employing 140 staff.
Mel Sinar, managing director of Petford Tools, said: “This latest funding facility from Barclays has allowed us to purchase the new premises which will allow us to accommodate the increase in orders we have received.”
Mike Corcoran, relationship director at Barclays, said: “Petford Tools have an excellent reputation in the industry. The new premises will allow the company to put into place the next stage of their expansion strategy.”
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