Amazon Filters prepared for growth following equity buy-back
Industrial filter manufacturer Amazon Filters will boost production capacity following a recent equity buyback from long-term partner, Business Growth Fund (BGF).
The funds were used to secure new premises and equipment.
The relationship between the two companies began in 2018, when the Surrey-based firm engaged BGF as an outside investor and minority shareholder.
Following the buyback, the family-owned firm again controls the totality of its shares, paving the way for future expansion.
BGF’s Will Gresty said: “Under the leadership of Neil and the management team, Amazon Filters has gone from strength to strength throughout our partnership. We’re proud to have played a role in supporting the growth of the business and wish everyone at Amazon Filters the very best for the future”.
The expansion into a new 7,000 square foot warehouse and office, will strengthen the company’s manufacturing and delivery capacity. The facility is located on the same Albany Park Estate in Camberley as Amazon Filters’ primary production centre.
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The unit will be the seventh industrial site in a row at the business park, attesting its strength.
Amazon Filters also recently secured a funding package from HSBC UK, which ensures ongoing working capital.
Neil Pizzey, Managing Director of Amazon Filters, said: “On the buy-back and following a period of growth and expansion, both we and BGF felt the time was right to make this move.
“We have enjoyed a fantastic relationship with BGF, and reached a point now where we are far more self-sufficient than we were in the past. We believe this transaction allows us to continue with our growth plans while securing the long-term future of the business.
“Our new building allows us to relocate existing warehousing and create new production halls to underpin and increase our ‘quick and able’ manufacturing capacity and delivery capability. The new production halls will receive significant investment in state-of-the-art production line equipment for the manufacture of our pleated filters.
“As a result of these moves, we expect to double our production capacity for pleated filters and support our reach into markets beyond the UK and Europe. We have recently appointed in-region business development managers for the Asia-Pacific territory and the Americas.
“Strengthening our production capacity and capability will help our growth plans in both these territories.”
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