Supported by a funding package from the Royal Bank of Scotland and a grant from Tees Valley Enterprise Fund, the firm has purchased large commercial premises on Durham Lane Industrial Park.
Coverall has also invested in new production machinery to increase output with the support of Lombard, the bank’s asset finance arm.
Alan Harrison, director of Coverall, said: “Moving to larger premises has been a crucial move for us as a company.
“It has enabled us to increase and improve production of our existing product range as well as introduce new lines.
“The main driver behind our growth in recent years has been the production of wheel covers for access machines such as fork lift trucks.
“Demand for this product in the domestic market is continually rising rapidly and the new factory has enabled us to keep ahead of this.
“We have also been inundated with enquiries for the product from abroad and are beginning to explore more of these avenues as we are confident that our production capacity can now cope with an even larger demand.”
During the course of the last few years the firm has experienced significant growth with turnover increasing by 17% in the year ending March 2015 and a further 20% increase is expected for 2016.
Launched in 1988, the firm manufacturers a range of canvas and PVC sheeting products including tarpaulins, vehicle upholstery, wheel covers, wagon sheets, boat and trailer covers and fire blankets.