Midlands manufacturer to create 15 new jobs

Midlands manufacturer to create 15 new jobs

Midlands-based manufacturer Dunlop Systems and Components has secured an investment deal set to support expansion and create 15 new jobs with the firm over the next two years.

The deal, for an unspecified amount, was led by Springboard Corporate Finance, and from funds managed by Finance Birmingham and ABN-Amro Commercial Finance.

The company, which designs and manufactures advanced electronic control systems and air suspension components for the automotive and ancillary industries, was formed in 2007 following a management buy-out of the Coventry based suspension division from the previous owners Trelleborg AB.

The firm has since relocated to a purpose built facility at Prologis Park.

Chris Davis, managing director of Dunlop Systems and Components, said: “As a company we have invested heavily in the infrastructure of the business and now have industry leading capabilities.

“This refinancing will enable the Company to capitalise on this investment and deliver substantial growth in our UK and export markets.”

David Neate, partner at Springboard Corporate Finance, said: “Dunlop is a leading global supplier to the automotive sector and this additional funding will enable the company to drive forward its growth by investing in its staff base and product development.

“This strategy has already seen Dunlop secure a number of new contracts with leading international automotive groups.”

Marcus Hook, investment director at Finance Birmingham, added: “Dunlop is a well-established and impressive automotive manufacturing business, with strong customer and supplier relationships and a number of exciting global opportunities ahead of it.

“The recent move to its purpose-built first class production facility gives the business the capability to deliver on a number of innovative products being developed in the sector.

“Finance Birmingham aims to support ambitious businesses with huge potential, and the funding package we have provided alongside ABN-Amro will help Dunlop deliver on such exciting prospects.”

 

 

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